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RBI had cautioned banks multiple times on SWIFT misuse: Government
RBI had cautioned banks multiple times on SWIFT misuse: Government

IANS

New Delhi, March 13 (IANS) The RBI had issued two circulars in 2016 to banks on strengthening the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system, the misuse of which was unveiled last month in the Rs 12,600 crore fraud on state-run Punjab National Bank (PNB), Parliament was informed on Tuesday.

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Update: 13-March-2018

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