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IndusInd Bank gets empanelled as agency bank to RBI

03 Aug 2021 Evaluate

IndusInd Bank has been empanelled by the Reserve Bank of India (RBI) as an agency bank to facilitate transactions related to government businesses. 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 conduct of government business.

IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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