CURRENT AFFAIRS

Detailed explanation-1: -Thrissur-based South Indian Bank has announced a tie-up with National Australian Bank (NAB) for online inward remittances from Australia at a competitive rate. The arrangement enables faster, hassle-free remittances through internet at the best exchange rates, claimed the Bank.

Detailed explanation-2: -The bank currently has 2 main buildings for employees at 700 Bourke Street Docklands and the new 395 NAB Place. On 1 June 2022, National Australia Bank Limited (NAB) acquired the consumer banking business from Citigroup Pty Ltd (Citi), an Australian branch of Citibank.

Detailed explanation-3: -To receive an international money transfer into your NAB account, you need to give the sender these details: Bank: National Australia Bank. BIC/SWIFT code: NATAAU3303M.

Detailed explanation-4: -Each NAB branch has a unique SWIFT code. You can check the correct SWIFT codes for your NAB branch here. However, if you’re not sure, or can’t find the branch code, you can use the 8 character head office SWIFT code, and your payment will still make its way to your account.

Detailed explanation-5: -NAB branches are in the US, UK and across Asia connect our customers to global opportunities.