HT Bureau
GUWAHATI, April 5: IDBI Bank launched the e-Bank Guarantee (e-BG) facility in partnership with National e-Governance Services Ltd (NeSL) on Wednesday. This replaces the paper-based BG issuance process with e-stamping and e-signatures.
Commenting on the services, Rakesh Sharma, MD & CEO, IDBI Bank said, “Delivering safer and faster banking services to our customers through digital offerings has always been the principle key driver for major digital initiatives of the Bank. It is a matter of delight to join hands with NeSL for the e-BG facility which has addressed the last mile challenge of digitization of the BG process through e-stamping and e-signature. It is a major step towards increasing ease of business for applicants and beneficiaries alike.”
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Debajyoti Ray Chaudhuri, MD & CEO of NeSL added, “NeSL’s e-BG is paperless and available in a digital form to the beneficiary of an e-BG on registration on the NeSL’s portal. The process of user registration is simple and time. For bulk users of e-BGs, NeSL also offers integration with the ERP systems through an API. I congratulate the team at IDBI Bank who work tirelessly and in tandem with our team to roll out this product.”
