With this, the bank becomes the first scheduled private sector bank to receive approval after the announcement by Finance Minister Nirmala Sitharaman allowing all banks to participate in government-related business.source https://economictimes.indiatimes.com/industry/banking/finance/banking/kotak-mahindra-bank-becomes-first-scheduled-private-sector-bank-to-collect-direct-indirect-taxes/articleshow/86780328.cms
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