Which bank has become the first in India to issue an Electronic Bank Guarantee?
A) ICICI Bank
B) HDFC Bank
C) Axis Bank
D) Yes Bank
Answer : B
Description :
HDFC bank becomes the first bank in India to issue an Electronic Bank Guarantee (e-BG) in partnership with National E-Governance Services Limited (NeSL). Electronic Bank Guarantee eliminates the physical documentation associated with a bank guarantee and it becomes available digitally to the beneficiary.
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