A Study on The Development of Blockchain Technology in Indian Banking Sector

Biswajit Dey

doi:10.33516/maj.v56i11.28-30p

A Study on The Development of Blockchain Technology in Indian Banking Sector

Authors

Biswajit Dey Additional Treasury Officer (WBA&AS), Department of Finance, Government of West Bengal, Kolkata

DOI:

https://doi.org/10.33516/maj.v56i11.28-30p

Keywords:

No Keywords.

Abstract

Indian banking is highly inclined towards fully digitalised banking by using the latest fin-tech innovation, blockchain being one of them. This technology brings more security, transparency and speed in settlement and credit disbursement. The usage of blockchain is in initial stage in Indian banking and shows promising outcome in developing Indian banking system in the form of digital payment, trade finance, consortium banking and KYC.

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Published

2021-11-30

How to Cite

Dey, B. (2021). A Study on The Development of Blockchain Technology in Indian Banking Sector. The Management Accountant Journal, 56(11), 28–30. https://doi.org/10.33516/maj.v56i11.28-30p

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Issue

Volume 56, Issue 11, November 2021

Section

Cover Story

References

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