Wow I am mindblown by the fact the bank in your country started choosing blockchain technology. I don't think the bank would go hand in hand with transparency. That also means it's still not decentralized by the fact that the bank will still be a medium. I would like to read further on your claim that your bank has started choosing blockchain technology. Would you mind direct me to any source?
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Here you go:
https://m.economictimes.com/industry/banking/finance/banking/sbi-to-use-blockchain-for-smart-contracts-and-kyc-by-next-month/articleshow/61715860.cms
I must agree with you, it is a good initiative by the banks.
Thank you for another insight and the source. I'll read it shortly! :)