Karnataka Bank Empaneled as Arranger for HUDCO Capital Gain Bonds

Karnataka Bank has been empaneled as an Arranger & Collector for HUDCO Capital Gain Bonds. This allows the bank to facilitate investments in Government-backed Capital Gain Bonds issued by HUDCO, REC, PFC, and IRFC, under Section 85 of the Income Tax Act, 1961. This move strengthens the bank's investment offerings and provides customers with a convenient way to save tax on long-term capital gains through secure instruments. Customers can subscribe to these bonds across the bank's branch network.