Interest Free-banking

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Interest Free-banking - Total results - 3
Islamic banking: RBI spikes Raghuram Rajan's proposal as equal bank access available for all citizens
Business

Islamic banking: RBI spikes Raghuram Rajan's proposal as equal bank access available for all citizens

In 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.

Reserve Bank of India says it won't pursue proposal for introduction of Islamic banking in the country
India

Reserve Bank of India says it won't pursue proposal for introduction of Islamic banking in the country

In a major move, the Reserve Bank of India (RBI) has decided not to pursue a proposal for introduction of Islamic banking in the country.

Islamic Banking: Is the govt warming up to vast investment opportunity in Shara’i bonds?
Business

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