UCO Bank Denies Cutting Iran Ties

India’s state-owned UCO Bank has denied plans to halt processing Iranian transactions.

“UCO Bank is committed to bilateral settlement of permissible transactions between Iran and India,” Sabeer Nazeem, the bank’s chief representative in Tehran told…

India's state-owned UCO Bank has denied plans to halt processing Iranian transactions. "UCO Bank is committed to bilateral settlement of permissible transactions between Iran and India," Sabeer Nazeem, the bank's chief representative in Tehran told the Financial Tribune on Tuesday. The...