South Indian Bank has become the initial subscriber to the Memorandum and Articles of Association of IBBIC on 20 November 2020. Post investment, South Indian Bank will hold 6.67% shareholding in IBBIC through acquisition of 50,000 equity shares of face value Rs. 10 each.
IBBIC is proposed to provide a platform for exploring, building and implementing DLT solutions for the financial services sector
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