Syndicate Bank has entered into an agreement with National E-Govermamce Services Limited (NeSL) an information utility, on 04.07.2018. NeSL is registered with the Insolvency and Bankruptcy Board of India and governed by the provisions of Insolvency and Bankruptcy Code, 2016 (IBC).
NeSL shall act as a regulated information agency which shall accept, electronically record, get authentication, maintain and provide access to financial information to the persons as may be specified in the Act, e.g., creditors, Adjudicating Authorities and other persons having interest in the information.
As per the provisions of the IBC and Regulations thereunder, Banks shall share the credit information of all the facilities (fresh/renewal/enhancement) arranged to all entities and individuals, periodically. Upon receipt of such data from Banks, NeSL will send message to entities and individuals through mail from their mail ID email@example.com / SMS to the registered mobile number with the bank, requesting all parties for authentication of record or to reject the record with valid reasons for rejection.
Guidelines for User ID creation:
Entities/Borrowers/Co-obligants/Guarantors are required to login to NeSL site at the following URL address for initiating the process for creation/registration of user ID for an entity/individual as the case may be. https://iu.nesl.co.in/
Further, for any guidance, Entities/Borrowers/Co-obligants/Guarantors are advised to visit the NeSL site at the following URL address.https://www.nesl.co.in
Navigation for accessing the Guidance URL is as follows.
Click on IU Services -> Borrower/Co-obligant/Guarantor