Swift

New Maruti Suzuki Dzire launches at Rs 6.79 lakhs; more details inside

On November 11, Maruti Suzuki unveiled the brand-new Dzire, which starts at Rs 6.79 lakh (ex-showroom Delhi). The car will be available in four variants: LXi, VXi, ZXi, and ZXi Plus

Global banks to trial Swift for digital currency transactions from 2025

Central Bank Digital Currencies (CBDCs), digital versions of a country's official fiat currency, are also being trialled worldwide

Decoding the 'Swift' payment system: Why it may crop up in Modi-Putin talks

Prime Minister Modi and Russian President Putin are set to hold key bilateral talks in Moscow today to discuss a wide range of issues as part of the 22nd India-Russia annual summit

2024 Maruti Suzuki Swift to launch in India next month, check details

The new Maruti Suzuki Swift is all set to release in India on May 9. The Swift offers a brand-new engine which is powered by a 1.2-litre Z series 3-cylinder petrol engine

RBI in discussions with US, Hong Kong, Swift on digital bank payments

Current practices involve routing funds through banks using the Swift platform. CBDCs could enable direct settlements between parties, offering advantages such as speed and cost-efficiency

Smoother global trade: India to pitch an alternative to Swift at G20 meet

SWIFT allows global financial institutions to communicate with each other using a messaging network that is quick, accurate, and secure

India using SWIFT payment system to settle dollar trade with Russia: Report

The West blocked several Russian banks' access to the international SWIFT payments system soon after Moscow invaded Ukraine in February last year

Signature Bank pulls back from crypto transactions below $100,000: Binance

The shift comes after the Federal Deposit Insurance Corporation warned of crypto-asset risks

SwiftChat with Google introduces speech-based reading tool 'Read Along'

The tool is available as an Android app and as a website

Rupee trade: Understanding difference between Nostro and Vostro accounts

The RBI has allowed two Russian banks, Sberbank and JSC VTB, to open Vostro accounts for rupee trade. Read more to find out what a Vostro account is and how it is different from a Nostro account

Banks seek clarity on 'grey areas' from RBI on Rupee Vostro accounts

India has stepped up its purchase of cheaper Russian crude despite international opposition and sanctions. New Delhi is looking to settle this trade in rupees to continue with its purchases

Russia wants payment messaging system to align, but Indian banks wary

If the messaging platforms of India and Russia are connected, it might help in improving the payments settlement mechanism and provide Russia with a cover from further sanctions

Asian countries in talks for settling trade in domestic currencies

Countries to accept trading partners' currency; move aimed at reducing dollar dependence

What are Nostro and Vostro accounts?

The first stock market came up in Amsterdam in the 17th century. And the modern banking system evolved in Italy. The terms, Nostro and Vostro, came from that region. But what do they mean?

Maruti Suzuki reports 2% rise in total wholesale to 170,395 units in Mar

The country's largest carmaker Maruti Suzuki India (MSI) on Friday reported a 2 per cent rise in total wholesales to 1,70,395 units in March.

Russia proposes SWIFT alternative to India for Ruble payments

India is keen to continue bilateral trade due to its dependency on Russian weapons and the prospect of buying cheaper oil as global prices surge.

Bank frauds fall over last 5 years to Rs 648 cr in Apr-Dec FY22: Minister

Improved detection and reporting along with comprehensive steps resulted in sharp decline of such frauds, he said

SME: 'Due date of sight bill should be counted from date of presentation'

What a firm seeking supplies from abroad on credit should do in case there is an error in the contractual documents

Russian invasion of Ukraine and Budget 2022

While Russia's invasion of Ukraine doesn't quite throw Budget 2022 out the window yet, it does mean the fiscal maths will need a significant re-look.

Indian exporters fear $400 mn stuck in Russia as West blocks its banks

While exporters will get more clarity on the impact when finer details of SWIFT ban are spelt out, they have had discussions with govt to deal with payment-related challenges