RBI permits banks to acquire SWIFT shares
Earlier acquiring shares of SWIFT was considered by RBI on the case to case basis under approval route
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Reserve Bank of India (RBI) today permitted Indian banks to acquire the shares of Society for Worldwide Interbank Financial Telecommunication (SWIFT) provided they have been permitted by RBI for admission to the ‘SWIFT User’s Group in India’ as member.
Earlier acquiring shares of SWIFT was considered by RBI on the case to case basis under approval route.
Earlier acquiring shares of SWIFT was considered by RBI on the case to case basis under approval route.
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First Published: Jul 11 2013 | 8:15 PM IST