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Clues by NC Team • 28 Jan 2019, Monday

ICICI Bank, Kotak Mahindra Bank, HDFC Bank, and Axis Bank are among the consortium of 11 big lenders set to launch the country’s first blockchain-linked funding for small and medium enterprises (SME). The network will provide lenders the much-needed access to the public credit data, helping them make their lending more judicious and less risk-based. Yes Bank, Standard Chartered Bank, RBL Bank and South Indian Bank are currently part of the consortium called the Blockchain Infrastructure Company (BIC). IndusInd Bank, SBI and Bank of Baroda are now participating in the meetings as outside members. 

Read More at The Economic Times

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