India’s seven banks which include YES Bank, ICICI, Union Bank of India, Federal Bank of India and Canara Bank have joined the Interbank Information Network (IIN), a blockchain network created by leading multinational investment bank JP Morgan. Based on Quorum, a permissioned-variant of the Ethereum blockchain developed by JP Morgan, IIN allows member banks to…
Tag: icici
Bank of Rajasthan to merge with ICICI
The largest private bank, ICICI is set to become even bigger. Though the price they are paying to buy out Bank of Rajasthan seems a bit too much. Bank of Rajasthan, one of the oldest private sector banks in the country, on Tuesday announced that it would merge with the largest private sector bank, ICICI…
Who will replace Kamath at ICICI?
The board of ICICI Bank, the country’s second-largest lender, will take a final call on appointing a successor to K V Kamath, its present managing director and chief executive officer, next month. The bank’s joint managing director and CFO Chanda Kochhar and ICICI Prudential Life Insurance CEO Shikha Sharma are said to be the front…
Alternate Investments 