Local banks not keen on plan to align payment messaging system with Russia - Economic Times

According to Russian banks, connecting the systems will establish a seamless mechanism in settlement of trade between the two countries in rupee, and avoid sudden disruptions and possible blockage of funds if more of them come under US sanctions in the coming…

Russian financial institutions want to align their country's payment messaging system with the Indian messaging platform, but the Indian bankers and authorities are reluctant to pursue the idea. Acc… [+3564 chars]

full article...