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State Bank of India says complying with U.S. sanctions against Iran

Reuters  |  MUMBAI 

(Reuters) - India's top State of India, which was handling most of the payments to for purchases, is now complying with the U.S. sanctions against Tehran, its said on Monday.

"We are an international We are based in USA. And for a which is present in USA we will act strictly in accordance with the sanctions... We will comply with the sanctions," SBI told a conference.

in June reported that SBI would stop handling payments from purchases from November, when stringent U.S. sanctions against will kick in.

The reimposes and financial on Monday, significantly turning up the pressure on in order to curb its missile and nuclear programs and counter its growing military and political influence in the

(Reporting by and Suvashree Dey Choudhury; Editing by Subhranshu Sahu)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 05 2018. 16:24 IST