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Friday, December 17, 2010

Chinese banks in India

A country’s premier’s visit to any other world nation is an indication of its might. The US President Barrack Obama recently visited India along with 300 corporate heads. Now it is Chinese Prime Minister’s turn to visit India. He came to India 400 businessmen. These CEOs have done enough mathematics for their business ties with India.
Interestingly these visits are for getting something from India and not letting India to gain something from them. China has proposed to establish their bank branches in India and it would be thoroughly pleasing for the Left parties in the country. They are searching all the time for a safe place for bank upon and with the opening of Chinese banks they sorted out an apt place to put their money.

Will Chinese banks give interest to deposits or stick on the motto of Islamic banks?

K A Solaman

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