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.