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IndusInd Bank selected as authorized Agency Bank by Government of Madhya Pradesh

08 Jun 2023 Evaluate

IndusInd Bank has been appointed as an authorized ‘Agency Bank’ by the Ministry of Finance, Madhya Pradesh State Government. This appointment will enable IndusInd Bank for online collection of State Government Revenue and Receipts such as GST and VAT, collection of stamp duty and pension amounts on behalf of the Madhya Pradesh state government.

This arrangement aims to enhance ease for business groups, state government departments and individuals in Madhya Pradesh to make payments to state government conveniently and on a realtime basis, eliminating the requirement for in-person visits to Bank branches. 

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

Peers
Company Name CMP
HDFC Bank 719.65
ICICI Bank 1309.40
Axis Bank 1233.05
Kotak Mahindra Bank 422.20
Indusind Bank 889.90
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