Iranian Banks Can Open Branches in India
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.