Islamic banking hits deadlock Archives

No relevance, GoI has introduced Jan Dhan: Union Fin Min Virtually ruling out introduction of Islamic banking, the Finance Ministry today said it has “no relevance” as the Government of India has already introduced a host of financial inclusion schemes like Jan Dhan. The objectives of the financial inclusion for which Islamic banking was explored by RBI has no relevance, as government has already introduced other means of financial inclusion like Jan Dhan Yojana and Suraksha Bima Yojna for all citizens, Minister of State for Finance Santosh Kumar Gangwar said…