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    Question

    Which financial services company has launched electronic

    bank guarantee services for its MSMEs and corporate clients in association with National E-Governance Services Ltd (NeSL) to replace the conventional time-intensive paper-based bank guarantee? 
    A HSBC India Correct Answer Incorrect Answer
    B Standard Chartered Bank Correct Answer Incorrect Answer
    C Citibank Correct Answer Incorrect Answer
    D DBS Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    HSBC India has launched electronic bank guarantee services for its MSMEs and corporate clients in association with National E-Governance Services Ltd (NeSL) to replace the conventional time-intensive paper-based bank guarantee. The move is aimed to digitise trade and ease the guarantee issuance process digitally with the introduction of e-stamping and e-signing. With the new solution, the applicant will be able to instantly view a bank guarantee on the NeSL portal.

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