RBI named Bandhan Bank as an Agency Bank

Current Context: The Bandhan Bank was named as an Agency Bank by the Reserve Bank of India (RBI).

• By appointing the Bandhan Bank as an agency bank, the bank is allowed to conduct government business.
• The Bandhan bank has joined the list of several other private banks in the list of agency banks.
• The bank will now perform works related to GST, VAT, and the collection of state taxes.
• Other banks entitled as agency banks by RBI are: Dhanlaxmi Bank, South Indian Bank, Karnataka Bank, IndusInd, RBL Bank, DCB Bank.
• Static Part: 
• HQ of Bandhan Bank: Kolkata
• Tagline of Bandhan Bank: Aapka Bhala, Sabki Bhalai