On 11 August 2020, the Ministry of Finance issued a circular to MDs and CEOs of all Scheduled Commercial Banks (and SBI) in India requesting them to “complete integration with NeSL’s DDE API urgently.
This is the circular:
This circular seems like a pretty big deal - since ALL Banks in India have to now integrate with a new third party software - the NeSL DDE API.
Naturally, this gives rise to a bunch of critical questions.
What exactly is the NeSL DDE API? What exactly is NeSL?
The best place to start would be the NeSL Website.
As per this:
So what if NeSL is an Information Utility? So what if it is a neutral, government backed repository of legal evidence?
Why does all this matter?
In this series we’ll be answering this exact question - unpacking the concept of Information Utilities and telling you why they matter.
This will be a 4 part series (for now) that will cover: