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.
SBI appoints ex-Ujjivan Small Finance Bank CEO Nitin Chugh as DMDPrior to this appointment, Chugh was CEO and managing director of Ujjivan Small Finance Bank. He joined there from HDFC Bank where he served as the Group Head of Digital Banking.
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