The country’s largest lender State Bank of India (SBI), has launched e-Bank Guarantee (e-BG) facility in collaboration with NeSL. This facility will bring about a revolutionary change in the banking ecosystem, where bank guarantee is frequently used in large volumes.
NeSL is India’s first Information Utility and is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC).
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