SBI Partnered with JPMorgan

Published on February 28, 2021
Current Context: The State Bank of India (SBI) has entered into a partnership with JPMorgan to use its blockchain network technology.
SBI Partnered with JPMorgan
  • 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


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

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