Punjab & Sind Bank Launches e-Bank Guarantee Facility with NeSL
| Key Points | Details |
|---|---|
| What | Launch of e-Bank Guarantee (e-BG) facility. |
| Partner | National e-Governance Services Ltd (NeSL). |
| Replacement | Transition from paper-based bank guarantee issuance to a digital format. |
| Key Features | - E-Stamping and E-Signatures: Ensures secure and authentic transactions. |
| - Efficiency: Saves time in the verification process for beneficiaries. | |
| - Transparency: Enhances trust in the banking process. | |
| Statements from Officials | "It is a matter of delight to join hands with NeSL for the e-BG facility." - Swarup Kumar Saha, MD and CEO of Punjab & Sind Bank. |
| Context | Reflects a broader trend in the banking sector towards digitization and operational efficiency. |