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Indian Bank and NeSL Collaborate to Introduce Digital Services

Published on July 04, 2023

Current Context: Indian Bank has launched new digital services under its Project WAVE initiative, which aims to provide a world of advanced virtual experience to its customers.

Indian Bank and NeSL Collaborate to Introduce Digital Services

  • One of the services is an electronic bank guarantee (e-BG), which is a digital alternative to the traditional paper-based process of issuing and delivering bank guarantees.
  • The e-BG service is powered by National E-Governance Services Ltd (NeSL), which is India’s first information utility for insolvency and bankruptcy cases.
  • The pre-approved business loan facility will enable customers to avail loans up to Rs 25 lakh with hassle-free processes.
  • The Project WAVE was first launched in January 2022 by Indian Bank’s Managing Director and CEO S L Jain, and has since introduced various digital products and services to enhance the banking experience of its customers.


Q.1 What is the name of the digital transformation initiative launched by Indian Bank?
a. Project NEXUS
b. Project NEON
c. Project DIGI
d. Project WAVE

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