Nation

Banks may ask customers to list their religion: Report

Fast News

TPE Correspondent

New Delhi, December 21

Indian banks may ask its depositors and customers to list their religion. The information may be required after the Reserve Bank of India made changes to the banking law that allows selected non-residents to open bank accounts and own property, report said.

Amendments to the Foreign Exchange Management Regulations will let immigrant Hindus, Sikhs, Buddhists, Jains, Parsis and Christians, all minorities from neighboring Pakistan, Bangladesh and Afghanistan own property and open accounts in India.

Muslims from those countries were excluded, as were atheists and people from other neighboring countries or regions such as Myanmar, Sri Lanka and Tibet, the paper said.

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