Islamic banking in Gujarat? This was the news that stunned the nation. Seeking clarification on Islamic banking now, BJP leader Subramanian Swamy wrote a letter to Urijit Patel, Governor of RBI, with regards to a news item that was published in a business daily which had claimed that Islamic Development Bank is due to start […]
Tag: RBI governor
RBI Proposes Islamic Finance As Raghuram Rajan Exits
The RBI is considering introducing Islamic finance in India for financial inclusion of the largest Muslim minority population in the world, according to Moneycontrol.com. The proposal was made in the annual report last week and is seen as a parting gift to RaghuRam Rajan, who has been advocating Islamic banking for some time. The Reserve Bank […]