Tuesday, 7 February , 2023
UCO Archives - Iran News Daily
Iran’s Rupee Deposit in UCO Bank Not Enough to Settle Accounts 19 Jun 2022

Iran’s Rupee Deposit in UCO Bank Not Enough to Settle Accounts

The Managing Director of UCO Bank of India says that Iran’s deposit in the bank in Indian national currency rupee is not enough for settling financial obligation and this is because of the decline in purchase of Iran’s crude oil by Indians as well as decline in the trade exchange between the two states.

Shift in U.S. Policy May Affect UCO Bank Cooperation With Iran 10 Nov 2020

Shift in U.S. Policy May Affect UCO Bank Cooperation With Iran

Vice President of India-Iran Chamber of Commerce Parham Rezaei believes that change in the U.S. political policy regarding Iran will affect the cooperation of Indian UCO Bank with Iran.