Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 792)

2021-10-09 Banking

792.

Which bank has become the first scheduled private sector bank to receive approval from the Government of India for the collection of direct and indirect taxes?

IndusInd Bank

Kotak Mahindra Bank

Bandhan Bank

Federal Bank

Answer: Option

Explanation:

The Kotak Mahindra Bank (KMBL) has received approval from the Government of India for the collection of direct and indirect taxes, such as income tax, Goods and Services Tax (GST) etc, through its banking network.