September 20, 2025
Daily current affairs:September 20, 2025
1
RBI Authorizes DBS Bank India as Agency Bank to Collect GST Payments
Short Description : The Reserve Bank of India authorized DBS Bank India to serve as an agency bank for GST payments collection.
Long Description : To facilitate streamlined GST collections, the RBI has authorized DBS Bank India as an agency bank to collect Goods and Services Tax payments. This move will increase payment channels, improve taxpayer convenience, and strengthen revenue administration, supporting India's indirect tax system efficiency.