Tag: YES BANK issues its first Electronic Bank Guarantee (e-BG) in partnership

YES BANK issues its first Electronic Bank Guarantee (e-BG) in partnership with National E-Governance Services Limited (NeSL) Mumbai, March 23, 2023 : YES BANK today, announced the issuance of its first Electronic Bank Guarantee (e-B G), in partnership with National E-Governance Services Limited (NeSL). The API integration with the Digital Doc ument Execution (DDE) platform of NeSL has enabled complete digitization of the existing paper-based process for issuance and maintenance of Bank Guarantee (BG). This digitized process, which includes digital stamping and signing, significantly reduces the issuance turnaround time (TAT) of Bank Guarantee (BG). The NeSL portal will manage the entire lifecycle of the BG including issuance , amendment, invocation and cancellation. This promises to ...