Islamic Banking

RBI was asked to provide details of steps being taken for the introduction of Islamic or ‘interest-free’ banking in India. - Sakshi Post

Not To Pursue Islamic Banking In India, Says RBI

Nov 12, 2017
In late 2008, a committee on Financial Sector Reforms, headed by former RBI governor Raghuram Rajan, had stressed on the need for a closer look at the issue of interest-free banking in the country.
Some sections of Indian society have remained financially excluded for religious reasons that preclude them from using banking products with an element of interest. - Sakshi Post

RBI Mulls Over Islamic Banking

Aug 30, 2016
Centre is working on modalities on interest-free banking
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