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Indian Lenders “Banking” on Blockchain Technology

April 01, 2019

Indian Lenders “Banking” on Blockchain Technology
Blockchain technology which grabbed the attention of the top players in the tech and finance industry across the globe a few years ago is now on the radar of Indian banks. One report says that it’s expected to create the value of a whopping 5 billion USD in India in the next 5 years. 

Some of the largest banks in India including HDFC Bank, Kotak Mahindra Bank, Axis Bank, ICICI Bank, etc. have already rolled out a Blockchain-linked loan system, a first for the country. Similarly, a Blockchain-based remittance solution for the NRIs was unveiled by Federal Bank recently.

Photo credit: jane.boyko on Visualhunt.com / CC BY

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