![State Bank of India clears stance on Iran](https://cdn.energydais.com/media/images/news/17_W50a1Jh.jpg)
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State Bank of India has made it clear to the refiners that it will not handle payments for crude from Iran post-October, the finance head of Indian Oil Corp said today. Indian refiners make payments for the Iranian oil supply through SBI and Germany-based Europaeisch-Iranische Handelsbank AG (EIH), which forwards the payments in Euros.