Commercial banks now want the Treasury to appoint them as collecting agents for its centralised account as they look to soften the blow of losing hundreds of billions of shillings in stable deposits from State agencies when the new system is rolled out.
Banks, through their lobby the Kenya Bankers Association (KBA), say they have started discussions with the Treasury and the Central Bank of Kenya (CBK) to ensure that the implementation of the Treasury Single Account (TSA) and choice of model will not disrupt their operations and those of the affected State agencies.
