Awaiting govt, RBI guidelines on SWIFT transactions with Russian entities: PNB

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the world's main banking messaging service which links around 11,000 banks and institutions in more than 200 countries, including India. Based in Belgium, the SWIFT system is considered central to the smooth functioning of global finances and Russia's exclusion from it would hit the country hard.

from Banking/Finance-Industry-Economic Times https://ift.tt/B3TKMYL