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Oil companies may use Union Bank for Iran payment

The government is likely to resolve the crisis over payment for buying crude oil from Iran by asking Indian companies to open rupee accounts in Union Bank of India.An Iranian delegation is expected......

German bank to process payments for India

In a temporary reprieve, India will pay for Iranian crude oil in euros through a German bank based in Hamburg, while a permanent solution to the payment issue will be explored at a meeting in......

India looks at other banks for oil payment to Iran

Jolted by Germany's refusal to route its payments to Iran, India is exploring using Dubai or Turkey based banks as conduit for paying for crude oil it imports from the Persian Gulf nation."We are......

India to pay for Iran oil in rupees

With the UAE refusing to route its payments for Iranian crude oil, India has decided to pay its second-largest oil supplier in rupee."Finance Ministry is preparing a note for the Cabinet for......

Payments to Iran for crude oil imports resume

More than three months after RBI scrapped a long-standing payment mechanism used to pay for Iranian crude imports, India has resumed payments to the nation's second largest oil supplier using an......

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Eih Bank

News for Eih Bank

Oil companies may use Union Bank for Iran payment

German bank to process payments for India

India looks at other banks for oil payment to Iran

India to pay for Iran oil in rupees

Payments to Iran for crude oil imports resume

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