IndusInd Bank gets selected as agency bank to RBI
By MYBRANDBOOK
IndusInd Bank has been empanelled by the Reserve Bank of India (RBI) to act as an ''Agency Bank'' to facilitate transactions related to government businesses. It will strengthen the bank's presence within the government domain.
The announcement comes close on the heels of a recent RBI guideline that authorises scheduled private sector banks as agency banks of the regulator for the conduct of government business.
With this, IndusInd Bank joins ranks with few other private banks of the country to carry out general banking business on behalf of the central and state government, while also offering customers - the convenience of undertaking routine financial transactions through its banking platform, the bank said in a release.
Soumitra Sen, Head – Consumer Bank, IndusInd Bank, says, "Given IndusInd Bank's exclusive suite of services comprising innovative and cost-effective solutions, coupled with our state-of-the-art technology platforms, we are confident of being a ''partner of choice'' for the government, its enterprises, as well as all other stakeholders in fulfilling their financial aspirations in the most seamless manner.”
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