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RBI fines 19 lenders for non-compliance on SWIFT use

News | Online & Mobile Banking | 06 Mar 2019

India’s central bank has fined at least 19 lenders for failing to comply with its guidelines on the use of global payments network SWIFT.

RBI, India, lenders, compliance, SWIFT, ICICI Bank, State Bank, banks, penalties, loan fraud, credit guarantees, regulations, payments , interbank, banking, fines, financial system