Q. Which bank collaborated with the National e-Government Services Limited (NeSL) to establish the Electronic Bank Guarantee (e-BG) platform?
Answer:
Canara
Notes: Canara Bank launched the Electronic Bank Guarantee (e-BG) platform in collaboration with the National e-Governance Services Limited (NeSL).The Electronic Bank Guarantee (e-BG) was launched on the 117th Foundation Day of the Canara Bank. The e-BG platform will provide greater transparency, secure transactions, and better trigger monitoring, leading to higher compliance. In addition, the platform will also provide an API-based digital workflow for bank guarantees that will eliminate physical issuance, verification, stamping, and paper-based record maintenance.