UCO & Yes Bank Partners with Two Russian Banks for Payments – Yes, Bank and UCO Bank partnered with two Russian banks for making Payments between India and Russia. Through this partnership, India will come closer to conducting business with Russia with the help of both of these institutions.
- UCO Bank has partnered with Gazprom Bank and Yes Bank has also formed an arrangement with Russia’s Petersburg Social Commercial Bank (PSCB).
- The agreement between Uco Bank and Gazprom Bank comes as the Reserve Bank of India implements a system to facilitate international payments through special Vostro accounts.
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