Circular on Govt. Agency Business Arrangement – Appointment of Scheduled private Sector Banks as Agency Banks of Reserve Bank of India – RBI

  • 12th, May 2021
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Circular 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).

 

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