chennai kotak mahindra bank limited kmbl has announced that it has received approvals from the government of india for collection of direct and indirect taxes such as income tax and goods and services tax through its banking networkwith this the bank becomes the first scheduled private sector bank to receive approval after the announcement by union finance minister nirmala sitharaman allowing all banks to participate in governmentrelated businessafter technical integration kmbl customers will be able to pay their direct and indirect taxes straight from kmbls mobile banking or net banking platforms as well as through kmbls branch banking network resulting in immense ease and convenience for customersdipak gupta joint managing director kotak mahindra bank said we are delighted to receive the necessary approvals permitting kotak to collect direct and indirect taxes on behalf of the government making tax payments more simple convenient and efficient for our customers we look forward to a longstanding relationship with the government providing a wide range of services backed by our strong technology platform digital capabilities and customerfirst approach