Ira­nian Banks Can Open Branches in In­dia

Iran News - - DOMESTIC -

TEHRAN – In­dian Am­bas­sador to Tehran Shri Sau­rabh Kumar says Ira­nian banks can open their branches in In­dia to fa­cil­i­tate the trade be­tween both states.

The In­dian diplo­mat yes­ter­day met Iran’s Cham­ber of Com­merce of­fi­cial Mr. Mo­ham­mad Reza Kar­basi and ex­changed views on boost­ing eco­nomic co­op­er­a­tion.

Dur­ing the meet­ing, Kumar said that In­dian of­fi­cials be­lieve that bank­ing prob­lems are the ma­jor ob­sta­cles in way of boost­ing trade be­tween both coun­tries and it should be solved soon.

He added that three banks of Sa­man, Par­sian and Pasar­gad have asked for open­ing their branches in In­dia and Pasar­gad Bank is on the verge of fi­nal­iz­ing the talks and it will open its branch in Mum­bai soon.

He added that In­dian state-run banks like UCO are also keen to open their branches in Iran and he hopes it would hap­pen soon.

Kumar noted that soon the As­so­ci­ated Cham­bers of Com­merce of In­dia (ASSOCHAM) will dis­patch a trade delegation to Tehran and Ira­nian banks’ rep­re­sen­ta­tives can have talks with them.

Kar­basi, for his part, said that a strong bank­ing re­la­tion will boost the eco­nomic bond be­tween both coun­tries, adding that Iran’s cham­ber is ready to meet In­dian delegation and con­fer with them

for more eco­nomic co­op­er­a­tion.

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