RBI Fines 36 Banks For Not Complying With Directions On SWIFT Messaging System
The Reserve Bank of India logo is displayed on the bank’s building in Mumbai, India. (Photographer: Adeel Halim/Bloomberg)

RBI Fines 36 Banks For Not Complying With Directions On SWIFT Messaging System

The Reserve Bank of India imposed penalties totalling Rs 71 crore on 36 banks for not complying with its directions on operational controls in the SWIFT system, the messaging network allegedly misu...
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