Vaisakhi Offer- Use Code VAISAKHI24

Register Now

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

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
ebook store

About us

ramandeep singh

Ramandeep Singh is a seasoned educator and banking exam expert at BankExamsToday. With a passion for simplifying complex concepts, he has been instrumental in helping numerous aspirants achieve their banking career goals. His expertise and dedication make him a trusted guide in the journey to banking success.

  • Follow me:
Close Menu
Close Menu