Latest News on Interest Free Banking
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Interest Free Banking - Total results - 3
Nov 13, 2017
Islamic banking: RBI spikes Raghuram Rajan's proposal as equal bank access available for all citizensIn late 2008, a committee on Financial Sector Reforms, headed by former RBI governor Raghuram Rajan, had stressed on the need for a closer look at the issue of interest-free banking in the country.
Nov 12, 2017
Reserve Bank of India says it won't pursue proposal for introduction of Islamic banking in the countryIn a major move, the Reserve Bank of India (RBI) has decided not to pursue a proposal for introduction of Islamic banking in the country.
Nov 29, 2016
Islamic Banking: Is the govt warming up to vast investment opportunity in Shara’i bonds?Under the present Regulations of the RBI Act interest has to be paid on bank deposits, but to permit interest-free banking the Central Bank has to amend the regulations