NEWS & ADVICE : FIXED DEPOSITS
IDBI bank earned a huge tax collection
By Neelima Shankar
Apr 7, 2014
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It has been reported that public lending bank IDBI bank has collected an amount of 1.95 lakh cr in central taxes. This is 23% more by way of Direct and Indirect taxes on behalf of the Government in the financial year ended March 31, 2014. With the help of technologies internet banking facility pan-India payment of direct taxes, excise duty, service tax and customs duty were made easily.

Last year bank collected nearly 1.59 lakh cr amount as the taxes which is lower than this year’s collection. Currently all government based banks and three private sector banks ICICI bank, Axis Bank and HDFC bank are working as the RBI agents.


(Comments Posted : 3) Post Your Comments
1. what pathetic news, editor even do not know which bank is pvt or psu.
vijay (Posted: Apr 8, 2014)
2. IDBI BANK is a Public sector Bank not a private Bank
santhosh (Posted: Apr 8, 2014)
3. Its good to see that idbi bank has collected huge tax. But for your kind information correct the lines that idbi bank is a govt. Of india owned bank not a private bank.
Jeetendra (Posted: Apr 7, 2014)
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