Find trending news, Grab latest news on trending and viral on social media, Breaking News, Latest News and Current News from FOXNews.com. Breaking news and video.

Friday, 22 February 2019

This bank is gaining from US sanctions on Iran

Kolkata-based UCO Bank expects its privileged status processing refiners’ payments for Iranian oil shipments to add more than Rs 800 crore ($110 million) to annual earnings, according to chief executive officer Atul Kumar Goel. Indian refiners are required to deposit any money destined for Iran without interest with UCO Bank during periods when US sanctions are in force.

from Times of India https://ift.tt/2BPvK4y
Share:

0 comments:

Post a Comment

Search This Blog

Powered by Blogger.

Arsip Blog