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RUSSIAN LENDERS
State Bank of India shuns Russian oil payments despite US reprieveDespite a temporary US waiver, State Bank of India is hesitant to process payments for Russian oil imports. Citing concerns over potential ...10 Mar, 2026, 03.04 PM IST- Russians to get cashless payment option in IndiaSberbank and Cheq have partnered to facilitate cashless transactions for Russian tourists visiting India. This collaboration addresses chal...19 Sep, 2025, 05.52 PM IST
- Deutsche Bank says cutting risks from Russian IT operationsThe comments by a bank spokesperson followed a report in the Financial Times that the bank was winding down its remaining software technolo...12 Apr, 2023, 12.59 PM IST
- In boost to rupee trade mechanism, two Russian lenders open special vostro accountsRussia's two largest banks - Sberbank and VTB Banks - opened the accounts after receiving the nod from the RBI. Last month, state-owned UCO...23 Oct, 2022, 12.27 PM IST
- UCO Bank, Yes Bank in talks with Russia to finalise trade mechanism: OfficialBanks are discussing the currency pair for the payment mechanism and the options include the Indian rupee paired with the Russian rouble or...20 Oct, 2022, 01.09 PM IST
- RBI orders Sberbank to demonstrate compliance, rejects request“The explanation provided by the bank in the matter was examined and the same was not found satisfactory,” the RBI wrote in a letter to the...26 Sep, 2022, 09.39 PM IST
- Rupee-rouble trade: Russia's PSCB opens Re A/c with Yes BankThe Russian lender, which likely escaped the West's scanner because of its insignificant presence in Europe's richer neighbourhoods and oth...19 Sep, 2022, 06.33 AM IST
- Russian banks line up for customised trade a/cs with Indian lendersCentro Credit Bank, Bank Soyuz and MTC Bank are also said to be part of the group of Russian lenders that are not under global economic san...22 Aug, 2022, 06.15 AM IST
- RBI sees regulation violation by Sberbank, Russia’s largest lenderRussia’s largest bank allegedly paid a bonus to its Indian CEO Ivan Nosov for performance year 2021 without the RBI’s approval, people fami...22 Jul, 2022, 06.36 AM IST
- EU to defreeze some Russian assets to enable trade of food & fertilisersThe move comes amid criticism from African leaders about the negative impact of the sanctions on the trade and food shortage. Even the acti...19 Jul, 2022, 11.30 PM IST
- Indian banks may join hands with Russia lenders not hit by sanctionsThese Indian banks will likely open accounts at their Russian counterparts and vice versa, as decided last week in meetings held in New Del...20 Jun, 2022, 08.07 AM IST
- Who is subject to British sanctions over Russian invasion of Ukraine?Britain's Prime Minister Boris Johnson said the government would be ruthless in pursuing those "who enable the killing of civilians, destru...10 Mar, 2022, 04.50 PM IST
- RBI asks banks to find alternative mechanism for Russia paymentsAt a high-powered meeting with select banks, the RBI sought suggestions from top executives on conducting payment settlements with Russian ...05 Mar, 2022, 06.46 AM IST
- Sanctions on Russia put focus on China's central bankIt's unclear whether that support will be forthcoming though, with the PBOC yet to disclose how it will respond to the Russia sanctions. It...02 Mar, 2022, 05.47 PM IST
- Visa, Mastercard block Russian financial institutions after sanctionsVisa said on Monday it was taking prompt action to ensure compliance with applicable sanctions, adding that it will donate $2 million for h...01 Mar, 2022, 01.19 PM IST
- Indian banks await government's orders on dealing with Russian lendersThe government hasn't given any official instructions on blocking the banks, said a person familiar with the matter. It will be business as...28 Feb, 2022, 09.17 AM IST
- Morgan Stanley sells Russian mortgage unitMorgan Stanley sold its Russian mortgage unit, one of the country's leading mortgage operators, to Russian Orient Express bank, the Russian...02 Jul, 2010, 01.55 PM IST
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