In September 2017, the Insolvency and Bankruptcy Board of India (IBBI) registered NeSL as the first information utility (IU). Photo: Mint
Mumbai: State Bank of India (SBI) on Tuesday signed an agreement with National E-Governance Services Limited (NeSL) to share information under the insolvency regulation.
In September 2017, the Insolvency and Bankruptcy Board of India (IBBI) registered NeSL as the first information utility (IU).
Reserve Bank of India has directed all its regulated entities to share such data with IU.
Information utilities, under the Insolvency and Bankruptcy Code 2016, will collate information about debtors, accessible for a fee.
These databases maintained by the IUs seek to prevent serial defaulters from misusing the system…
Read the full article at: http://www.livemint.com/Industry/0Ywc5VqL6PHxf6MzNkZv4H/SBI-in-pact-with-NeSL-for-sharing-data-under-insolvency-rule.html
