RBI empanels Dhanlaxmi Bank as Agency Bank
The Hindu
The bank is now authorised to undertake transactions related to the government businesses such as revenue receipts and payments on behalf of the Central/State Governments and so on
The Dhanlaxmi Bank has been empanelled as ‘Agency Bank’ by the Reserve Bank of India to undertake general banking businesses of the Central and State Government on behalf of the RBI.
The Dhanlaxmi Bank entered into an agreement with the RBI on October 4 at the Department of Government and Bank Accounts (DGBA), Reserve Bank of India, Mumbai.
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