Live
- Aiming for 14 LS Seats: Revanth has an ace up his sleeve, assigns special task to Cong MLAs
- Akbar tears Modi’s charge on Muslim family size to shreds
- Hyd echoes with chants of ‘Jai Shri Ram’, ‘Jai Hanuman’
- Summer holidays for schools from today
- DSCI holds meet on advancing cyber security initiatives
- Hyd Metro to extend service hrs for IPL match tomorrow
- TS BIE announces payment due dates for pvt candidates
- Dr Lankapalli Bullayya inks pact with L&T
- North Andhra will be developed on all fronts
- HMWSSB MD reviews water supply
IOB inks information utility pact with NeSL
Indian Overseas Bank (IOB), one of the leading public sector banks, on Friday entered into an agreement for information utility services with the National E-Governance Services Limited (NeSL).
Chennai (Tamil Nadu) : Indian Overseas Bank (IOB), one of the leading public sector banks, on Friday entered into an agreement for information utility services with the National E-Governance Services Limited (NeSL).
The NeSL became India's first information utility (IU) for bankruptcy cases under the 'Insolvency and Bankruptcy Code (IBC) 2016' in October 2017.
With this agreement, the IOB branches will be able to provide high-quality, authenticated information about debts and defaults; which will have more transparency in maintaining the list of borrowers, debtors, creditors and loan defaulters.
"This agreement signifies the core services of NeSL under IBC and information utility regulations which would be available to IOB stakeholders. The information utility service will enable lenders in making decisions on credit transactions," said R M.A.Alagappan, General Manager, Indian Overseas Bank.
