Saturday, May 22, 2010

RBI Act 1934 allows interest free banking in India | ummid.com

RBI Act 1934 allows interest free banking in India ummid.com
Since the internal working group of RBI led by Anand Sinha was supposed to examine the feasibility of Islamic banking business in India, they concluded that Islamic Banking in India is not possible unless we amend the Banking Regulation Act.