RBI says no to Islamic banking in India
Replying to an RTI query, the central bank said the decision was taken after considering "the wider and equal opportunities" available to all citizens to access banking and financial services.
Nov 12, 2017, 13:47 PM IST
Can't share details of govt response on Sharia banking: RBI
The response given by the Finance Ministry on an RBI report about the introduction of Sharia banking in India cannot be disclosed, the central bank has said.
Feb 27, 2017, 15:40 PM IST
'Islamic window' in conventional banks would attract trillions of dollars from Gulf nations: ICIF
The RBI's proposal to open up "Islamic window" in conventional banks will lead to trillions of dollars from Gulf nations getting invested in India, said an organisation pushing for Islamic financial banking.
Nov 28, 2016, 20:26 PM IST
RBI proposes 'Islamic window' in conventional banks for gradually introducing Sharia banking
The Reserve Bank of India (RBI) has proposed opening of "Islamic window" in conventional banks for "gradual" introduction of Sharia-compliant or interest-free banking in the country.
Nov 20, 2016, 14:36 PM IST
J&K Bank willing to offer Islamic banking, says chairman
Jammu and Kashmir Bank is willing to offer Islamic banking to customers in the state and would examine the proposal after taking the Reserve Bank on board, its chairman Parvez Ahmad said on Monday.
Oct 10, 2016, 18:26 PM IST
As Raghuram Rajan departs, RBI opens door to Islamic finance
The Reserve Bank of India (RBI) has proposed working with the government to introduce interest-free banking to tackle financial exclusion for religious reasons, potentially opening Islamic finance to the largest Muslim minority population in the world.
Sep 05, 2016, 11:12 AM IST
RBI, govt exploring introduction of interest-free banking
Reserve Bank and the government are exploring introduction of interest-free banking, also known as Islamic Banking, to financially include sections of the society that remains excluded due to religious reasons.
Aug 30, 2016, 16:49 PM IST
RBI panel recommendations hint at reviving Islamic Banking?
The “Report of the Committee on Medium-term Path on Financial Inclusion” headed by Deepak Mohanty was placed on Monday.
Dec 29, 2015, 10:08 AM IST
'Islamic banking assets to exceed USD 778 billion in 2014'
Islamic banking assets with commercial banks in international markets are set to exceed a whopping USD 778 billion in 2014, according to a new report.
Dec 05, 2014, 11:13 AM IST
