Yes Bank has signed strategic MOu with IBCC for knowledge sharing.what does IBCC stands for

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	India Bhutan Chamber of Commerce
B	Indonesia Business Case Center
C	Indonesia Bermuda Chamber of Commerce
D	India Brazil Chamber of Commerce

Explanation:

Detailed explanation-1: -Indian Banking Community Cloud (IBCC), providing CBS and other software applications such as SFMS, mobile banking, etc. as web service/s. Global Interchange for Financial Transactions (GIFT), an integrated payment & settlement system based on open source technology stack.

Detailed explanation-2: -In July 2020, Yes Bank Ltd closed their follow-on public offer (FPO) with 95% subscription, driven by institutional investors. As of 28 July 2020, Yes Bank is an associate of State Bank of India which has a 30% stake in the company.

Detailed explanation-3: -State Bank of India has become the largest shareholder in Yes Bank with 48.21 per cent stake and 605 crore shares.

Detailed explanation-4: -Yes Bank, incorporated in 2004 by Rana Kapoor and Late Ashok Kapur, is a new age private sector bank.

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