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As Rajan departs, RBI mulls opening door to Islamic finance – Times of India

RBI has proposed working with the government to introduce interest-free banking to tackle financial exclusion for religious reasons, potentially opening Islamic finance. RBI made the proposal in its annual report last week, as departing governor Raghuram Rajan hands over the reins to Urjit Patel.

Read more: http://timesofindia.indiatimes.com/india/As-Rajan-departs-RBI-mulls-opening-door-to-Islamic-finance/articleshow/54012722.cms

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