Current Affairs - Banking - Discussion

Standard Chartered and Citibank become the first foreign lenders to invest in the platform. Both Standard Chartered Bank as well as Citi linked the investment to their respective efforts to promote digitization. This is its second round of capital raising. It will help clients to automate and digitise flows and gain efficiency through standardisation and process automation. Other lender shareholders in the company include Axis Bank, Bank of Baroda, Bank of India, Canara Bank, HDFC Bank, ICICI Bank, Punjab National Bank, State Bank of India and Union Bank of India.