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INTERNATIONAL
India, Iran to start reciprocal banking facilities
Teheran: India and Iran will shortly start reciprocal banking facilities with the Reserve Bank of India (RBI) considering granting permission to the government-controlled Tejarat Bank of Iran for opening a branch in India.
India offers $ 200 million LoC to Iran
Teheran: India on Thursday offered a $ 200 million Line of Credit (LoC) to Iran for supporting its Third Economic Development Plan, particularly the infrastructure project and suggested examining the possibility of a Preferential Trade Agreement (PTA) between New Delhi and Teheran.
China beats India to Iranian market
Tehran: With generous credit lines and other incentives, China has
beaten India to the potentially huge Iranian market, despite Tehran's
"comfort" in doing business with New Delhi.
NATIONAL
Hugar appointed new Chairman of GTB
Mumbai: The Board of Directors of Global Trust Bank (GTB) at its meeting held on Thursday, appointed former Corporation Bank Chairman R S Hugar as the new chairman of GTB.
BSNL to selectively do away with regn fee
New Delhi: Communications Minister Ram Vilas Paswan on Thursday announced that Bharat Sanchar Nigam Limited (BSNL) will not charge any registration fee for booking of telephone from May 1, 2001.
‘Financial system loopholes need to be plugged’
Mumbai: Reserve Bank of India (RBI) Governor Dr Bimal Jalan on Thursday stressed the need to plug the loopholes in the financial system to avoid recurrence of the stocks scam.
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