Allahabad Bank has entered into an agreement with state-run National e-Governance Services Limited (NeSL) for utilizing the latter’s Information Utility Services envisaged under the Insolvency and Bankruptcy Code, 2016.
NeSL, owned by the government, is the first Information Utility entity registered by Insolvency and bankruptcy Board of India under IBBI (IU) Regulations, 2017.
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
- The Oldest Joint Stock Bank of the Country, Allahabad Bank was founded on 24th April 1865.
- In April 2014, Allahabad Bank celebrates 150 years of foundation.
- Headoffice of Allahabad Bank- Kolkata.
- S Ramann, MD & CEO of NeSL.
Source- The Hindu Business Line