CSB Bank has been empanelled as an 'agency bank' by the Reserve Bank of India (RBI) to undertake general banking business of central and state governments which may be entrusted by the RBI. As an agency bank of the RBI, CSB Bank is now authorised to enter into an agreement with different state governments and central government departments for businesses such as tax collections, pension payment, collection of stamp duty, etc.
It will also enable CSB Bank to handle a broad range of transactions related to government business, such as tax deducted at source (TDS), goods and services tax (GST), stamp duty, registration, property tax, value-added tax and professional tax
Catholic Syrian Bank (CSB Bank) is one of the oldest private sector banks in India. Under its SME banking business, the bank caters to financial institutions, agriculture and allied businesses, and vendors and dealers of corporates.
