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 (NeS
- L to replace the conventional time-intensive paper-based bank guarantee?
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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