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Iran on 15 July 2013 agreed to take payments for oil it sells to India entirely in rupees after US and western sanctions blocked all other payment routes. India has been, since July 2011, paying in euros to clear 55 percent of its purchases of Iranian oil through Ankara- based Halkbank. The remaining 45 percent due amount was remitted in rupees in accounts Iranian oil company opened in Kolkata-based Bank. Name the Bank from which the transactions will be made.


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