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.