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ICICI Bank, Axis Bank join SWIFT network

The Society for Worldwide Interbank FinancialTelecommunication said ICICI BankLtd. and Axis BankLtd. have joined the Belgium-based global network.

The interbank messaging system, which facilitatesinternational transactions, currently has 70 members. The two Indian lenderswill initially focus on using the network for business-to-business transactions.