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RBI rejects Raghuram Rajan’s proposal for Islamic Banking. Says NO to...

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Clearing the air and ignoring the pressure of Gulf money, the Reserve Bank of India (RBI) has decided not to pursue a proposal for...

RBI says no permission given to Islamic Development Bank (IDB) to...

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Rejecting a series of media reports, Reserve Bank of India (RBI) said that no permission was accorded to Saudi Arabia’s Islamic Development Bank (IDB)...

Why Shariah Bank now?

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Islamic Banking based on Shariah laws is all set to enter India in a big way much to the apprehensions and reservations of a...

Why did Rajan approve SBI’s Shariah based Mutual fund?

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Just around the time Raghuram Rajan became the Governor of Reserve Bank of India, a proposal for setting up of a Shariah based Islamic...

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