Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1179)
1179.
Which bank becomes 1st bank to enable document embedding feature on SFMS?
RBI
IDBI
SBI
PNB
Answer: Option
Explanation:
Industrial Development Bank of India (IDBI) become the first to implement the new feature of document embedding facility with Letter of Credit (LC) / Bank Guarantee (BG) messages over SFMS (Structured Financial Messaging System) platform of Indian Financial Technology and Allied Services (IFTAS). The process would be conducted via a middleware application "i@Connect-SFMS (CSFMS) developed by IDBI Intech.
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