With a view to enhancing the quality of customer service in Government
business through more competition, improving customer convenience by
increasing the number of customer service outlets and broad basing the
revenue collection and payments mechanism of Governments, the existing
policy was recently reviewed by RBI and it has been decided that all
private sector banks will now be considered eligible to handle any
Central/State Government business (where RBI pays agency commission) at
par with public sector banks.Allowing Govt business to HDFC,ICICI & Axis bank by finance Minister Sri: K.M.Mani was seriously discussed in Kerala Politics.
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