Indian Bank ICICI Executes Blockchain Remittance Pilot

India’s largest private sector lender, ICICI Bank, has tied up with Dubai’s largest bank, Emirates NBD, to develop a blockchain platform to facilitate international trade finance and remittance. ndian bank ICICI has announced the successful pilot of transactions executed over a blockchain, developed in partnership with Middle Eastern banking giant Emirates NBD. A custom-made blockchain platform was used for the […]

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Canara Bank, Indian Bank, Kotak Mahindra Bank cut Lending Rates by up to 0.1%

State-owned Canara Bank, Indian Bank and private sector Kotak Mahindra Bank on Thursday cut lending rates by up to 0.1%, following the 0.25% repo rate cut by the RBI. Canara Bank has effected downward revision in the base rate by 0.05% to 9.60% from 9.65%, it said in a regulatory filing. The new rate would be effective from 11 October, […]

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