23 April 2018

IOB Inks Information Utility Pact With NeSL

IOB Inks Information Utility Pact With NeSL


Indian Overseas Bank (IOB) entered into an agreement for information utility services with the National E-Governance Services Limited (NeSL)

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.

Source- ANI News

Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
  • MD & CEO of IOB- R. Subramaniakumar, Headquarters- Chennai.
  • The NeSL became India's first information utility (IU) for bankruptcy cases under the 'Insolvency and Bankruptcy Code (IBC) 2016' in October 2017.

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