CURRENT AFFAIRS : BANKING & FINANCE
Bank of Baroda launches electronic bank guarantee on BarodaINSTA platform
- Bank of Baroda (BoB), one of India’s leading public sector banks, has introduced Electronic Bank Guarantee (e-BG) on its BarodaINSTA platform, in partnership with National E-Governance Services Limited (NeSL), a platform that provides for the issuance of Inland BGs through electronic mode.
- Other than the BoB, banks like HDFC, State Bank of India (SBI), Yes Bank, and Federal Bankalso provide e-BG facilities.
