Oil payments to Iran to be staggered: HR Khan

India will make staggered payments to Iran for oil imports and is still waiting

RELATED ARTICLES

for a recommendation from Iranian central bank authorities on the mode of payment, Reserve Bank of India (RBI) Deputy Governor H.R. Khan said on Thursday.

Khan added India did not have much in payments left to be made to Iran, and declined to be pinned down to a specific figure.

"Not much is going to be paid," Khan told reporters on the sidelines of the central bank's board meeting in Kolkata.

"It is not going to happen immediately, it will happen in a staggered manner," he added.

The central bank deputy added it was not certain whether the Halkbank route to pay Iran had opened.

A senior official at Turkey's state-run Halkbank on Wednesday said it can only resume processing Indian oil payments to Iran once Western sanctions are officially lifted following an interim deal in Geneva last month.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Amit Shah deserved to be crowned President of India, some say

    The Bharatiya Janata Party is now firmly in the hands of Modi’s alter ego, which in plain English means ‘another side of oneself, a second self’

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Necessary yet inadequate boost to education

The finance minister, in the very first minutes of his ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture