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IndusInd Bank : Karur Vysya Bank share prices were up a percent each intraday on October 13 after the Reserve Bank of India (RBI) allowed the two lenders to collect direct and circular levies The RBI has authorised Karur Vysya Bank to collect direct levies on behalf of the Central Board of Direct Levies (CBDT), the company said in a press release Karur Vysya Bank had initiated the integration process with CBDT. Once completed, the bank’s guests would be suitable to remit their direct levies through any branch, net banking and DLite Mobile app of the bank.
“ It has been the long- standing demand of our guests that they should be suitable to pay their direct levies through our bank. We’re happy that we will be in a position to offer this service to our guests,” Karur Vysya Bank Managing Director & CEO B Ramesh Babu said Induslnd Bank has been authorised to collect direct and circular levies on behalf of the CBDT and the Central Board of Indirect Levies and Customs (CBIC), the company’s release said.
Induslnd Bank guests would soon be suitable to pay their direct and circular levies through the bank’s digital platforms, including Indusnet, the net banking platform, and mobile operation IndusMobile. Guests can also mileage the services at their nearest branch Kotak Mahindra Bank also entered blessings from the Government of India for the collection of direct and circular levies similar as Income Tax, Goods and Services Tax (GST) etc through its banking network.
At 1053 hours IndusInd Bank was quoting at Rs, up Rs3.35, or0.28 percent and Karur Vysya Bank was at Rs49.10, up Rs0.65, or1.34 percent on the BSE Kotak Mahindra Bank was quoting at Rs, up Rs9.80, or0.49 percent on the BSE.
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