India’s central bank puts a stop on banks dealing in cryptocurrencies
The announcement has plunged the Indian crypto market in deep uncertainity, raising criticisms from the cryto dealers...
Tag : The Reserve Bank of India
RBI gives nod to NBFC to launch Islamic Finance Operations in Kerala
With an estimated Muslim population of 177 million, India is the largest Muslim minority in the world, but banking rules do not permit to Sharia compliant financing, which forbids the payment of interest. 26th August 2013 The Reserve Bank of India has permitted an NBFC in Kerala to run Sharia compliant finance in the country....