Stay updated with breaking news from Swift Transactions. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A bench of Justices KM Joseph and BV Nagarathna dismissed the appeal against a Delhi High Court order that upheld a lower court ruling calling for the issuance of process against the bank and its officials.
The benefit of placing India’s CBDC as an alternative to the SWIFT system is it will increase the speed, volume, and frequency of global trade
PNB has said it was awaiting advisory from the finance ministry and the RBI regarding SWIFT-related transactions with Russian entities
Western leaders are divided on whether to ban Russia from SWIFT transactions. While the Ukrainian foreign affairs minister called for SWIFT sanctions on Russia, other leaders remain sceptical about whether it is the right move or a last resort.