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Corporation Bank signed pact with this for sharing security information under IBBI rule?
  • a)
    Befesa Infrastructure India Private Limited
  • b)
    Acclaim Technology Services
  • c)
    National e-Governance Services
  • d)
    Hydromax India
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Corporation Bank signed pact with this for sharing security informatio...
Corporation Bank has signed an information utility (IU) agreement with National e-Governance Services Ltd (NeSL), the first IU registered with the Insolvency and Bankruptcy Board of India (IBBI), to share financial and security information under IBBI (IU) Regulation 2017. They serve the needs of the banking system by providing data to insolvency professionals, adjudicating authority and the Insolvency and Bankruptcy Board of India on the proof of borrowing, proof of default and security interest data in respect of NCLT cases while adhering to prescribed standards of information security.
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Corporation Bank signed pact with this for sharing security information under IBBI rule?a)Befesa Infrastructure India Private Limitedb)Acclaim Technology Servicesc)National e-Governance Servicesd)Hydromax IndiaCorrect answer is option 'C'. Can you explain this answer?
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