IBDIC (Indian Banks' Digital Infrastructure Company) is a consortium of eighteen banks – Axis Bank, Bank Of Baroda, Canara Bank, Federal Bank, HDFC Bank, ICICI Bank, IDBI Bank, IDFC Bank, IndusInd Bank, Indian Bank, PNB, RBL Bank, Kotak Bank, South Indian Bank, Standard Chartered Bank, SBI, Yes Bank, Union Bank of India as investors. 

The Objective of the company is to build blockchain and other emerging technology infrastructure to enable growth of banking & economy by leveraging the network of eco-system partners.

Blockchain as a technology lends itself to multiple use cases outside of Cryptocurrency like Trade enablement and finance (both domestic and international), KYC & AML including digital Identity and Frauds management,  Payments & Core Banking, Loyalty and Rewards, Securities, Insurance, Lending,  Cross border payments etc. 

The focus of the company is to design, develop and launch various financial products and services on distributed Ledger and other new age technologies for high volume and cost-effective financial transactions. 


Banking

IBDIC (Indian Banks' Digital Infrastructure Company)

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