Axis Bank buys 5.55 pc stake in financial technology firm IBBIC


Axis Bank buys 5.55 pc stake in financial technology firm IBBIC

Incorporated in May this year, IBBIC platform offers distributed ledger technology (DLT) solutions to the Indian financial services sector.

Scheduled commercial banks (SCBs) were carrying NPAs worth Rs 8.96 lakh crore on their balance sheet at the end of March 2020.


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