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SBERBANK AND VTB
Russian banks plan FPI arms to invest private wealth in IndiaRussian banks, including VTB, Sberbank, and Gazprombank, are considering becoming foreign portfolio investors (FPIs) to trade on Indian sto...- Russia's VTB to launch cross-border money transfers to IndiaRussia's top lenders Sberbank and VTB have said they are improving their ability to convert rupees into roubles, helping exporters to get f...
- India using SWIFT global payment system to settle Russia dollar trade: SourceThe West blocked access to SWIFT for several Russian banks, including Sberbank and VTB, soon after Moscow invaded Ukraine in February last ...
- Banks told to have nodal officers to assist trade settlement in Rupee"The government wants that banks proactively encourage traders to use this mechanism, and ensure their departments concerned are fully awar...
- Finmin to meet heads of banks on Dec 5 to promote cross-border trade in rupeeFollowing detailed guidelines from the Reserve Bank of India (RBI) on cross-border trade transactions in domestic currency in July, about n...
- RBI allows HDFC Bank, Canara Bank to open vostro account for Rupee trade with RussiaThe Reserve Bank of India (RBI) on Monday allowed HDFC Bank Ltd and Canara Bank Ltd to open a special "vostro account" for trade in Rupees ...
- Post RBI nod, 9 vostro accounts opened to facilitate overseas trade in rupeeThe move to open the special vostro accounts clears the deck for settlement of payments in rupee for India-Russia trade, enabling cross-bor...
- Nine Russian banks open special vostro accounts for trade in rupeeSberbank and VTB Bank -- the largest and second-largest banks of Russia, respectively -- are the first foreign lenders to receive the appro...
- Meet the tycoon banker and entrepreneur who gave up Russian nationality over Ukraine conflictThe colourful billionaire is one of Russia's best-known self-made tycoons and founded the online Tinkoff Bank.
- 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...
- Russia's Sberbank executes first digital asset issue on its platformSberbank, which received its licence in March, said in a statement that digital assets are issued on its platform using blockchain technolo...
- Russia requests clearance of payments worth $1.3 billionThe letter was received on March 14 but officials are finding it difficult to process any payment to Russia as most of its banks have been ...
- Ukraine war's impact on EU banks 'manageable', says watchdog"We are monitoring the entire banking space, looking at first round impact, which seems from all we are seeing manageable," Elke Koenig, ch...
- 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...
- Russian banks isolated, UK cuts insurance ties with MoscowThe London Stock Exchange said it had suspended nearly 30 listings in Russian companies as sanctions begin to bite.
- 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...
- Rouble, Russian stocks pare heavy losses after Putin sends troops to UkraineBritain imposed sanctions on five Russian banks and three billionaires but stopped short of targeting major lenders, such as state-controll...
- Moscow criticises US sanctions on Russian bank over SyriaMoscow has blocked efforts at the UN Security Council to mount pressure on the Syrian government, including by imposing sanctions, to end a...
- Cash crunch in Russian industry may delay Indian defence ordersRussian Defence Industries have been crippled by the recent financial meltdown making it difficult for them to fulfill state orders for new...
- BRIC nations in consultations over global financial crisisThe emerging economies of Brazil, Russia, India and China are in close consultations over the global financial crisis. War on inflation
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