Iranian bank to open branch in India

TEHRAN, Feb. 24 (MNA) – During the talks with Iran’s president, India's Prime Minister announced that an Iranian private bank would be licensed to open a branch in India.

Majid Ghasemi, the managing director of Bank Pasargad was a member of Iranian delegation who were accompanying the Iranian president in the meeting with Narendra Modi in New Delhi a couple of days ago.

The Iranian private bank was scheduled to open a branch in India’s Mumbai very soon.  

During Rouhani’s trip to India last weekend, 15 memorandom of understanding were signed between the two countries to further deepen relations.

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