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Society For Worldwide Interbank Financial Telecommunications

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US, allies cut off Russian banks from SWIFT

 Seeking to cripple Russia's economy for invading Ukraine, the United States and its key allies have decided to expel selected Russian banks from the SWIFT financial messaging system and impose......

US charges N Korean programmer with WannaCry, other cyberattacks

 A computer programmer allegedly working for the North Korean government has been charged in the United States with a series of massive cyberattacks around the world, including the WannaCry......

E-transfer: Preferred mode for NRI remittances

 While sending money back home, the speed and efficiency of transfer are uppermost on the mind of overseas Indians, as they predominantly use electronic wires and Swift for remittances, according to......

SBI ready to open rupee trade account with Russian banks

 State Bank of India (SBI) is willing to work with Russian banks not facing sanctions and remain on the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network to open a special......

World Bank stops all projects in Russia, Belarus with 'immediate effect'

 The World Bank has announced that it will stop all its programmes in Russia and Belarus with "immediate effect" in response to Moscow's military operations in Ukraine and "hostilities" against the......

Ruble becomes best-performing currency in March

 The ruble has recouped most of its losses and become the top-performing currency globally. Photograph: Alexey Malgavko/Reuters It continues to gain and is up 60 per cent against the US dollar from......

Will govt restart rupee-rouble trade?

 The government may soon give the green light to bilateral trade between Russia and India in their national currencies to avoid any trade disruptions, multiple people aware of the matter said.......

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