{"id":129918,"date":"2023-02-17T16:02:53","date_gmt":"2023-02-17T10:32:53","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=129918"},"modified":"2023-02-17T16:02:54","modified_gmt":"2023-02-17T10:32:54","slug":"indian-overseas-bank-launches-electronic-bank-guarantee-scheme","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/indian-overseas-bank-launches-electronic-bank-guarantee-scheme\/","title":{"rendered":"Indian Overseas Bank launches electronic bank guarantee scheme"},"content":{"rendered":"\n<p><strong>Indian Overseas Bank launches electronic bank guarantee scheme: <\/strong>Public sector Indian Overseas Bank has launched the facility of issuance of e-BG (Electronic Bank Guarantee) scheme in association with the National e-Governance Services Ltd, the bank said on Wednesday.<\/p>\n\n\n\n<p>e-BG:&nbsp;An instrument issued by the bank in which the bank agrees to guarantee a particular sum in the event that the applicant fails to fulfill an action\/performance.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-february-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">February 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>It is a&nbsp;paperless mode with digital stamping and digital signature. Real-time issuance&nbsp;would make it available for the beneficiary instantly.<\/p>\n\n\n\n<p>&#8220;Our bank is one of the pioneer in launching the Bank Guarantee through digital mode. As on date only few banks have the facility of issuance of e-BG,&#8221; Indian Overseas Bank said in a statement here.<\/p>\n\n\n\n<p>Following the path to achieve vision mission statement 2021-2026 to provide best banking solutions through digital experience for customer delight, the bank has introduced and implemented the electronic-bank guarantee scheme, it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Overseas Bank launches electronic bank guarantee scheme: Public sector Indian Overseas Bank has launched the facility of issuance of e-BG (Electronic Bank Guarantee) scheme in association with the National e-Governance Services Ltd, the bank said on Wednesday. e-BG:&nbsp;An instrument issued by the bank in which the bank agrees to guarantee a particular sum in 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