IDBI Bank crosses Rs 1 lakh cr in tax collection

IDBI Bank said that it has collected Rs One lakh crore in central taxes in the current financial year so far.

R M Malla, Chairman and Managing Director said that the bank will collect 25 per cent more in central taxes by end of March 2013.

The central government, in its 2012 budget, estimated a total gross tax receipt of Rs 10,77,612 crore in the current fiscal.