SBI Partnered with JPMorgan

Current Context: The State Bank of India (SBI) has entered into a partnership with JPMorgan to use its blockchain network technology.

• JPMorgan’s blockchain network technology will allow SBI to make cross border transactions in a more seamless manner.
• This will also reduce transaction costs and time for the payment transactions.
• JPMorgan’s new blockchain-based interbank data network, called ‘Liink’ is joined by SBI.
• Link is a peer-to-peer network ecosystem that is operated by JPMorgan’s blockchain.
• The Link allows peer to peer secured transaction transfers, by ensuring faster cross border transactions in time.
• Static Part: 
• HQ of SBI: Mumbai
• Chairman of SBI: Dinesh Kumar Khara
• HQ of JPMorgan: New York, United States

Question: 

Q.1 Which bank partnered with JPMorgan to use its blockchain technology?
a. SBI
b. ICICI Bank
c. HDFC Bank
d. Indian Overseas Bank