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The 7th Committee meeting on Government Agency Business by Pvt Sector Banks was chaired by CGA , Smt. T. C. A. Kalyani, brought together RBI, NPCI, private banks, MoD, DoT, MoF & O/o CGA to address operational challenges and ways to strengthen service delivery.
The primary purpose of the 7th Committee meeting on Government Agency Business by Private Sector Banks was to address operational challenges and find ways to strengthen service delivery regarding government banking transactions.
Chaired by the Controller General of Accounts (CGA), Smt. T. C. A. Kalyani, the meeting aimed to achieve several key objectives:
Resolve Systemic Friction: Fix administrative and technical issues between major central entities (like the Ministry of Defence, Department of Telecommunications, and Ministry of Finance) and private sector banking portals.
Enhance Service Quality: Improve the efficiency of government revenue collections, tax payments, and pension disbursements handled by authorized private banks.
Review Financial Systems: Monitor the roll-out and security of digital dashboards, centralized monitoring tools, and revised guidelines used to manage public funds in real time.
Foster Collaboration: Bring together regulators (RBI, NPCI), government departments, and private bankers to align on standardized processing rules and security protocols.
