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Turkish bank unable to process India payments for Iran oil

Turkey's state-run Halkbank can only resume processing Indian oil payments to Iran once Western sanctions are officially lifted following an interim deal in Geneva last month, a senior Halkbank......

India makes oil payment to Iran after 5 mths

India has made its first payment in more than five months for crude oil its buys from Iran when a $100 million wire-transfer by Mangalore Refinery and Petrochemicals Ltd was received by Tehran via......

India waits for Iran to open oil payments route, says RBI

India is waiting for Iran to tell it how to make payments for oil allowed under last month's deal with global powers on sanctions and will pay in installments, Reserve Bank of India Deputy Governor......

Govt may cut excise duty on petrol, diesel soon

India is the second largest buyer of Iranian crude, after China. The government might decide to cut the excise duty on petrol and diesel but only after further stabilisation in the goods and......

India to pay Iran $900 mn in oil dues

India will pay Iran $900 million in two tranches beginning next week to clear part of the past dues for crude oil it buys from the Persian Gulf nation. This payment will be on top of $1.65......

Halkbank

News for Halkbank

Turkish bank unable to process India payments for Iran oil

India makes oil payment to Iran after 5 mths

India waits for Iran to open oil payments route, says RBI

Govt may cut excise duty on petrol, diesel soon

India to pay Iran $900 mn in oil dues

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