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Axis Bank executes maiden domestic trade transaction on GOI backed blockchain platform

11 Jan 2022 Evaluate

Axis Bank has executed a maiden domestic trade transaction on Government of India (GOI) backed blockchain platform, Secured Logistics Document Exchange (SLDE). The transaction, between Arcelor Mittal Nippon Steel India and Lalit Pipes & Pipes, involved the process of letter of credit advising as well as digital presentation of underlying trade documents including invoice and transport documents.

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.

Peers
Company Name CMP
HDFC Bank 759.95
ICICI Bank 1499.30
Axis Bank 1279.20
Kotak Mahindra Bank 467.45
Indusind Bank 911.00
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