 "HDFC bank")
HDFC Bank has issued an electronic bank guarantee (e-BG) in partnership with National E-Governance Services Ltd (NeSL), becoming the first bank in the country to do so. e-BG has been developed in consultation with NeSL, CVC-CBI committee and IBA to simplify the process and eliminate the possibility of fraud and manipulation. e-BG will be issued on the NeSL portal through an API-based digital workflow.
Paper based; time-consuming process has been eliminated with the new electronic bank guarantees. This is a transformational change, and the Bank will migrate to eBG to benefit all its customers, the bank said in a statement
