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Refrain from taking new exposure for transactions related to Iran, SBI tells branches

Updated : May 31, 2018 11:18 AM IST

All branches have been directed through an internal communique on 25th May that they should not to be involved in any new transactions linked to Iran.
When it comes to Russia, branches have been asked to obtain prior clearance from the compliance division prior to taking any credit exposure.
The US withdrew from Iran nuclear deal and re-imposed sanctions.
Refrain from taking new exposure for transactions related to Iran, SBI tells branches
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