Question

    What is the primary advantage of Punjab & Sind Bank’s

    newly launched e-Bank Guarantee (e-BG) facility in partnership with NeSL?
    A Enhances the physical verification process Correct Answer Incorrect Answer
    B Reduces the number of required signatories Correct Answer Incorrect Answer
    C Minimizes the time and fraud risks associated with physical guarantees Correct Answer Incorrect Answer
    D Increases the cost of bank guarantees Correct Answer Incorrect Answer
    E Limits access to digital banking only Correct Answer Incorrect Answer

    Solution

    The e-Bank Guarantee (e-BG) facility by Punjab & Sind Bank, in partnership with NeSL, allows secure and transparent transmission of bank guarantees, significantly reducing fraud risks and time delays associated with traditional paper-based guarantees.

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