Question
Recently which of the folloiwng institution has started
accepting electronic bank guarantees and digitalised all its existing bank guarantees?Solution
The National Highways Authority of India (NHAI) has started accepting electronic bank guarantees and digitalised all its existing bank guarantees.The move is aimed at improving the efficiency and transparency of internal processes and taking forward the adoption of digital technology. NHAI is using the electronic bank guarantee services of the National e-Governance Services Ltd, which helps in the reduction of physical paper movement, doing away with physical storage needs and easy access to the bank guarantee life cycle, including renewal. Learn Along: NHAI                                      Headquarters: New Delhi                             Chairperson: Alka Upadhyaya National E-Governance Services Ltd.              Headquarters: Mumbai                MD & CEO: Debajyoti Ray Chaudhuri
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