Indian banks fear aligning payment messaging system with Russia — media
Aug 12th 2022 10:16am EDT
Cooperation could be viewed as an attempt to sidestep US sanctions, Indian bankers say Indian banks and financial institutions do not support the idea of integrating the country’s internal system for transmitting financial information (SFMS) with Russia’s Financial Messaging System (FSFS), the Economic Times reported on Friday citing sources in the banking sector. India’s financial […]
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