India Said to Deny Local Branch for Iran Bank on U.S. Pressure - Bloomberg


Telegraph.co.uk
India Said to Deny Local Branch for Iran Bank on U.S. Pressure
Bloomberg
Parsian Bank, based in Tehran, had sought approval for a Mumbai office to facilitate trade transactions in rupees, the people said, declining to be identified because the information is confidential. An official at Parsian Bank in Tehran who declined ...
India keeps Iranian bank out as Clinton visits gulfnews.com
Despite US pressure, India to scale up eco ties with Iran Firstpost
India for trade with Iran on items outside sanctions Economic Times

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India to scale up eco ties with Iran; trade pact under study - Tehran Times

India to scale up eco ties with Iran; trade pact under study
Tehran Times
However, the two countries still face problems with regard to banking transactions for which Iran has sought permission to open a branch of Parsian Bank in Mumbai. External Affairs Minister SM Krishna said, Iran is "one of the critical destinations for ...

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India Vows Cuts in Iranian-Oil Imports as Clinton Visits - Bloomberg

India Vows Cuts in Iranian-Oil Imports as Clinton Visits
Bloomberg
Financial sanctions imposed in the last year have made it difficult for Iran's customers to find banks to settle payments for Iranian oil. A request from Iran's Parsian Bank to open an office in Mumbai was rejected because of US pressure, ...

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Trade with India to touch $24 billion in medium-term, says Tehran Chamber - Economic Times


USA TODAY
Trade with India to touch $24 billion in medium-term, says Tehran Chamber
Economic Times
The two countries. however, face problems with regard to banking transactions for which Iran has sought permission to open a branch of Parsian Bank in Mumbai. Commerce Secretary Rahul Khullar had assured the visiting Iran businessmen in New Delhi to ...
India seeks trade with Iran on items outside UN sanctions Jakarta Post
Payment settlement still a problem for India-Iran trade Hindustan Times

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Payment settlement still a problem for India-Iran trade - Economic Times

Payment settlement still a problem for India-Iran trade
Economic Times
As part of the recently worked out bilateral payment mechanism, UCO Bank is the nodal agency from the Indian side while Parsian Bank is its counterpart in Iran to facilitate the transactions. Meanwhile, addressing an Assocham meeting, Joint Secretary ...

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Lack of funds stops Iran's gas refinery project - Trend.az

Lack of funds stops Iran's gas refinery project
Trend.az
According to the contract, Bank Saderat would have put up 80 percent of the funding, $3.2 billion, to build the Bid Boland 2 gas refinery and an ethane extraction unit at the Parsian Refinery. The NIGC was to fund the remaining 20 percent, $800 million ...

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IRAN-trade 2 last BCM35 - IBNLive.com

IRAN-trade 2 last BCM35
IBNLive.com
In wake of the economic sanctions, Iran is looking for increased imports from India. However, the two countries still face problems with regard to banking transactions for which Iran has sought permission to open a branch of Parsian Bank in Mumbai.

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Toeing the US Line on Iranian Oil - People's Democracy

Toeing the US Line on Iranian Oil
People's Democracy
At present an Indian bank, the UCO Bank is the bank designated for the rupee payments to be made by the Indian oil companies. However, the Indian government has not permitted an Iranian private bank, the Parsian, to open a branch in Mumbai.

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Iran News In Brief - IranOilGas.com (subscription)

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