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    Bra52 69 23.145% -63.25%
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UCO Bank

  • EghtesadOnline: India's state-owned UCO Bank has denied plans to halt processing Iranian transactions.

  • EghtesadOnline: India’s government is holding talks with a new bank to facilitate trade with Iran and process Iran/India transactions. The new bank is set to work in tandem with UCO bank, according to Gaddam Dharmendra, India’s ambassador to Iran.

  • EghtesadOnline: Three foreign banks are opening up representative offices in Iran as the country seeks to boost investment after reaching an international sanctions deal last year, a central bank official said.