Tehran says votes against Iranian banks in Bahrain lack legal validity

TEHRAN – The Iranian Foreign Ministry said on Wednesday that the Bahraini government’s votes against al Mustaqbal Bank, its directors and several Iranian banks lack legal validity, noting that Iran will not “compromise” on defending the interests of its nationals.

731 banks, 70 gas stations destroyed in recent unrest: minister

TEHRAN – Interior Minister Abdolreza Rahmani Fazli says 731 banks and 70 gas stations were set ablaze or damaged during the recent unrest in the country.

TEDPIX up 2,000 points in a day

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 2,000 points to 304,688 on Tuesday, IRIB reported.

‘Banks’ monthly overdrawn from CBI reduced’

TEHRAN- The governor of the Central Bank of Iran (CBI) announced that Iranian banks’ overdrawn from the CBI financial resources has been decreased in the ninth month of the present Iranian calendar year Azar (November 22- December 21, 2018) in comparison with the preceding month, IRNA reported on Tuesday.

India plans to pay 5 Iranian banks for oil purchases

India will use escrow accounts of five Iranian banks held with UCO Bank Ltd. to deposit money for oil purchases from the Middle East producer to overcome U.S. sanctions, according to people with knowledge of the matter.

By Zahra Khezri

Europe tries to ensure connection of at least one Iranian bank with the world: French senator

TEHRAN – French Senator Philippe Bonnecarrere, who heads the France-Iran friendship group in the upper house of parliament, says that European nations are seeking to ensure that at least one Iranian bank stay connected to the world after the U.S. imposed new sanctions on Tehran.

U.S. imposes new sanctions targeting Iran banks, companies

TEHRAN- The United States has imposed fresh sanctions on a number of Iranian banks and financial institutions as well as companies ahead of the start of the next month's new round of the U.S. sanctions against the Islamic Republic.

2 Iranian banks to open branches in India soon

TEHRAN- Iran’s Bank Pasargad and Saman Bank will open two branches in India in the near future, the head of Iran-India Joint Chamber of Commerce told ILNA.