BANK OF INDIA

India to allow payment for Iranian crude through German bank

03 Feb 11 05:21 PM
HT
Ending weeks of uncertainty, India decided to pay for Iranian crude oil in euro through a German bank based in Hamburg, a finance ministry official said on Thursday. The conduit (route) was decided at a high level meeting chaired by National Security Advisor Shiv Shankar Menon. "State Bank of India ..