Circular on Govt. Agency Business Arrangement – Appointment of Scheduled private Sector Banks as Agency Banks of Reserve Bank of India – RBI
View PdfCircular on Govt. Agency Business Arrangement – Appointment of Scheduled private Sector Banks as Agency Banks of Reserve Bank of India – RBI
- This guidelines circular has come into effect from 10.05.2021.
- RBI have been reviewed and the revised guidelines/framework for authorizing Scheduled Private Sector Banks as agency banks of RBI for conduct of government business attracting agency commission are as follows:
(i) For existing Private Sector Agency Banks (already having agency banking agreement with RBI)
(ii) For other private sector banks (not having agency banking agreement with RBI).