Gold exchange-traded product

RRBs – Lending against Gold

RBI/2012-13/541 RPCD. RRB. BC. No. 79/03.05.33/2012-13 June 25, 2013 All Regional Rural Banks Dear Sir/Madam Lending against Gold Please refer to paragraph 98 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 on lending against gold, proposing to restrict the facility of advances against the security of gold coins per customer to gold coins weighing… Read More

Tags: Central bankExchange-traded fundGold coinGold exchange-traded productLoanMonetary policyMutual fundPrecious metal

RBI Clarification on Lending against gold

RBI/2012-13/522 RPCD.CO.RCB.BC.No. 77 /07.51.014/2012-13 June 06, 2013 The CEOs of all State and Central Co-operative Banks Dear Sir, Lending against gold Please refer to paragraph 98 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 (extract enclosed) on lending against gold, proposing to restrict the facility of advances against the security of gold… Read More

Tags: Central bankCoinGold coinGold exchange-traded productJewelleryLoanMonetary policyReserve Bank of India

RBI Clarification on NBFCs finance for Purchase of Gold

RBI/2012-13/510 DNBS.CC.PD.No.326/03.10.01/2012-13 May 27, 2013 To All NBFCs Dear Sir, NBFCs  finance for Purchase of Gold In terms of extant guidelines issued vide circular DNBS.CC.PD.No.265/03.10.001/2012-13 dated March 21, 2013 no advances should be granted by NBFCs against bullion / primary gold and gold coins. 2. It is clarified that no advances should be granted by NBFCs… Read More

Tags: Exchange-traded fundGoldGold coinGold exchange-traded productMutual fundPrecious metalReserve Bank of IndiaRun batted in

RBI Clarification on Lending against Gold

RBI/2012-13/509 DBOD. No. Dir. BC. 96/13.03.00/2012-13 May 27, 2013 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam Lending against Gold Please refer to paragraph 98 of the Monetary Policy Statement 2013-14 announced on May 3, 2013 (extract enclosed) on lending against gold, proposing to restrict the facility of advances against the security of gold coins… Read More

Tags: Central bankExchange-traded fundGold coinGold exchange-traded productLoanMonetary policyMutual fundPrecious metal

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates