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Allahabad Bank inks pact with NeSL

01 Jan 2018 Evaluate

Allahabad Bank has signed an agreement with state-run National e-Governance Services (NeSL) for utilizing the latter’s Information Utility Services envisaged under the Insolvency and Bankruptcy Code, 2016.

NeSL, owned by the government, is the first Information Utility entity registered by Insolvency and bankruptcy Board of India under IBBI (IU) Regulations, 2017.

Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.

Peers
Company Name CMP
State Bank Of India 977.00
PNB 117.35
Bank Of Baroda 234.35
Canara Bank 125.35
Union Bank Of India 178.50
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