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All private sector banks eligible to handle govt biz: RBI
The Reserve Bank of India said on Tuesday that all private sector banks will be considered eligible to handle any federal or state government business at par with state-run banks as agents of the central bank.
The Reserve Bank of India said on Tuesday that all private sector banks will be considered eligible to handle any federal or state government business at par with state-run banks as agents of the central bank.
The move will enhance the quality of customer service in government business through more competition, improve customer convenience and broad base revenue collection and payments mechanism of governments, the central bank said in a release.
