Category : Economy & Banking
 Union Minister Nitin Gadkari has announced that India has allowed an Iranian bank, Pasargad Bank, to open a branch in Mumbai. The move is aimed at circumventing US trade and investment sanctions as India builds a strategic port in the West Asian country. Iran’s Pasargad Bank has received the necessary clearances to open its branch in Mumbai. Alongside, India’s UCO Bank will open a branch in Iran. |
| Source- The Livemint |
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