Showing posts with label mangalore. Show all posts
Showing posts with label mangalore. Show all posts

Tuesday, 2 August 2011

FINANCE - Local lender mediates for Indian debt to Iran

The debt crisis between Iran and India, which was caused by the US sanctions on the Islamic republic, has been resolved by the support of Turkey’s state-run Halkbank, the lender’s executives confirm. Separate reports by the Iranian media say that Turkey, Iran and Iraq have reached a consensus to found a joint bank based in Tehran.  (source)