BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which among the following bank has entered into an agreement for information utility services with the National E-Governance Services Limited (NeSL)?
A
Indian Overseas Bank
B
ICICI Bank
C
State Bank of India
D
Yes Bank
Explanation: 

Detailed explanation-1: -The primary role of NeSL is to serve as a repository of legal evidence holding the information pertaining to any debt/claim, as submitted by the financial or operational creditor and verified and authenticated by the parties to the debt.

Detailed explanation-2: -12/-per MB or part thereof, as a one-time Fee. Nil. To be paid by submitter. b) New service of Digital Document Execution. Digital Document Execution with auto-submission of data using digital signature and e-stamping where applicable.

Detailed explanation-3: -NeSL, as IU would enable access to the information stored with it, only to parties connected to Debt, Insolvency Resolution Professionals, Liquidators, Adjudicating Authority and IBBI as per Regulation 23.

Detailed explanation-4: -NeSL is India’s first Information Utility and is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC). The company has been set up by leading banks and public institutions and is incorporated as a union government company.

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