What is the name of the bank that recently introduced an electronic bank guarantee program?
  • Bank of India
  • Indian Overseas Bank
  • Axis Bank
  • State Bank of India
Answer- B
In partnership with National e-Governance Services Ltd, the Indian Overseas Bank, a public sector bank, has rolled out an electronic bank guarantee program called e-BG.

This program involves the issuance of an instrument by the bank, based in the city, which guarantees a specific amount against the failure of the applicant to fulfill a particular action or performance.