Kotak Mahindra Bank (KMBL) has partnered with National E-Governance Services (NeSL) to issue its first electronic Bank Guarantee (e-BG) on the latter’s platform. The tie-up enables the digitisation of Trade, thus helping eliminate paper-based issuance of Bank Guarantees.
The digitisation includes issuance, amendment, closure, digital stamping and signing, significantly reducing the Guarantee turnaround time (TAT) to a few hours compared to 2-3 working days for the paper-based process. The e-BG also mitigates the authentication risks.
Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
Company Name | CMP |
---|---|
HDFC Bank | 1492.20 |
ICICI Bank | 1134.80 |
Axis Bank | 1164.95 |
Indusind Bank | 1442.00 |
Kotak Mahindra Bank | 1707.00 |
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