Newly-appointed Jammu and Kashmir bank chairman Parvez Ahmad on Monday said that the state government-controlled lender was ready to offer Islamic banking, if the Reserve Bank of India approved the move. Ahmad told a press conference that there was a strong demand for such banking service in Kashmir but RBI would need to examine the proposal. “We have not given a serious thought to it, but there is a lot of demand for Islamic banking in the state. We will examine the proposal and we have to also take RBI…
Read MoreJK Bank mulls `Islamic Banking’ due to high demand
