{"id":18524,"date":"2021-02-26T05:52:48","date_gmt":"2021-02-26T05:52:48","guid":{"rendered":"https:\/\/plyinsight.com\/?p=18524"},"modified":"2021-02-26T09:01:23","modified_gmt":"2021-02-26T09:01:23","slug":"private-banks-can-now-gets-government-business","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/private-banks-can-now-gets-government-business\/","title":{"rendered":"Private Banks can now get government business"},"content":{"rendered":"<p>The centre has lifted the restrictions on the grant of government business to private banks, Finance Minister Nirmala Sitharaman announced on 24 February. All private sector banks now will be allowed to conduct government-related banking transactions such as tax and pension payments. Sitharaman in a tweet said that private banks can now be equal partners in the development of the Indian economy, furthering government social sector initiatives, and enhancing customer convenience.<\/p>\n\n\n\n<p>The move to lift embargo will spur competition and promote greater efficiency in the standards of customer services, the department of financial services said.<\/p>\n\n\n\n<p>Government-related banking transactions include taxes and other revenue payments, pension payments, and small savings schemes.<\/p>\n\n\n\n<p>The current directive relates to the central government\u2019s business.<\/p>\n\n\n\n<p>This will also benefit customers in specific instances like businesses and firms maintaining accounts with public sector banks (PSBs) for paying tax, this can be done through private banks as well more over.<\/p>\n\n\n\n<p>The social sector programs of the government can be conducted through private banks as well, when private banks get government business, they will be obliged to perform,<br>\u201cPrivate banks are competent to handle mandates for public benefit with a robust digital backbone.\u201d<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p><strong>\u0938\u0930\u0915\u093e\u0930\u0940 \u0915\u093e\u092e \u0915\u0930 \u0938\u0915\u0947\u0902\u0917\u0947 \u0928\u093f\u091c\u0940 \u092c\u0948\u0902\u0915<\/strong><\/p><\/blockquote><\/figure>\n\n\n\n<p class=\"has-text-align-left\">\u0935\u093f\u0924\u094d\u0924 \u092e\u0902\u0924\u094d\u0930\u093e\u0932\u092f \u0928\u0947 \u0928\u093f\u091c\u0940 \u0915\u094d\u0937\u0947\u0924\u094d\u0930 \u0915\u0947 \u0938\u092d\u0940 \u092c\u0948\u0902\u0915\u094b\u0902 \u0915\u094b \u0938\u0930\u0915\u093e\u0930 \u0938\u0947 \u091c\u0941\u095c\u0947 \u0915\u093e\u0930\u094b\u092c\u093e\u0930 \u091c\u0948\u0938\u0947 \u0915\u0930 \u0938\u0902\u0917\u094d\u0930\u0939, \u092a\u0947\u0902\u0936\u0928 \u092d\u0941\u0917\u0924\u093e\u0928 \u0914\u0930 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class=\"wp-block-media-text__content\">\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Big-Wig-Ply.png\" alt=\"Big Wig Ply\" class=\"wp-image-17688\" width=\"132\" height=\"76\" srcset=\"https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Big-Wig-Ply.png 527w, https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Big-Wig-Ply-300x173.png 300w, https:\/\/plyinsight.com\/wp-content\/uploads\/2017\/08\/Big-Wig-Ply-18x10.png 18w\" sizes=\"auto, (max-width: 132px) 100vw, 132px\" \/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group is-layout-flow wp-block-group-is-layout-flow\"><div class=\"wp-block-group__inner-container\"><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>The centre has lifted the restrictions on the grant of government business to private banks, Finance Minister Nirmala Sitharaman announced on 24 February. All private sector banks now will be allowed to conduct government-related banking transactions such as tax and pension payments. Sitharaman in a tweet said that private banks can now be equal partners [&hellip;]<\/p>","protected":false},"author":1,"featured_media":18559,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[291,1053,1052],"class_list":["post-18524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-nirmala-sitharaman","tag-private-banks","tag-pvt-bank"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Private Banks can now get government business - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/private-banks-can-now-gets-government-business\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private Banks can now get government business - PLY INSIGHT\" \/>\n<meta property=\"og:description\" content=\"The centre has lifted the restrictions on the grant of government business to private banks, Finance Minister Nirmala Sitharaman announced on 24 February. 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