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BoI signs pact with NeSL to share data under insolvency rules

BoI signs pact with NeSL to share data under insolvency rules
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Mumbai: State-run Bank of India (BoI) on Monday said it has entered into an agreement with National E-Governance Services (NeSL) for information utility (IU) arrangement under the Insolvency and Bankruptcy Code (IBC).
As per the agreement, BoI will avail NeSL service to expedite corporate insolvency resolution process.
Under the IBC 2016, IU is proposed to offer services for accepting electronic submission of financial information, recording the same safely and accurately, verifying and authenticating the financial information submitted by a person and providing access to information stored to persons specified by the regulations.
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