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