Saturday, December 7, 2013

Urban co-op banks allowed to act as PAN service agents

The Reserve Bank of India has given permission to financially sound and well managed urban co-operative banks (UCBs) to act as PAN (permanent account number) service agents or PSAs. UCBs can become PSAs by entering into a tie-up with UTI Infrastructure and Technology Services Ltd (UTIITSL), with prior approval from the RBI.........

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