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Tag: supply chain finance

Indian Bank Kotak Mahindra Launches Blockchain-Based Trade Finance Solution

Category: Blockchain, Business, Finance, News

Indian Bank Kotak Mahindra Launches Blockchain-Based Trade Finance Solution

India’s third largest private bank Kotak Mahindra announced on May 17 that it had enabled trade financing for one of its clients by applying blockchain technology to reduce the time it takes for the letter of credit (LC) to be completed from 20 to 30 days down to a few hours. The Mumbai-headquartered lender has collaborated with global consultancy firm…

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