Economy PNB reportedly agrees to repay banks that honoured LoUs to Nirav Modi Updated : March 28, 2018 08:18 AM IST The LOUs were given through SWIFT (Society for Worldwide Interbank Financial Telecommunications) technology. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.