RBI slaps Rs 2 crore penalty on PNB for violating SWIFT norms over Nirav Modi case

The massive Rs 14,000-crore fraud perpetrated by billionaire jeweller Nirav Modi and his uncle Mehul Choksi at the PNB was a case of misuse of this messsaging software.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2U0T8HF