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IDFC First Bank gets authorization to collect green tax at Manali toll plazas

11 Feb 2022 Evaluate

IDFC First Bank has been authorized by Tourism Development Council Manali to collect the green tax by way of FASTag from motorists entering in Manali toll plazas. It is for the first time the automatic toll collection system will be used to pay green tax in the country.

Currently, IDFC First Bank is the largest acquirer, servicing over 400 toll plazas, and has issued about 60 lakh FASTags. And, the transactions by motorists using the bank's tags average about 20 lakh a day.

IDFC First Bank provides a range of financial solutions to individuals, small businesses and corporates.

Peers
Company Name CMP
HDFC Bank 739.00
ICICI Bank 1339.50
Axis Bank 1242.50
Kotak Mahindra Bank 412.50
Indusind Bank 953.00
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