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'Set up gold bank, gold deposit a/c to minimise smuggling'

Last Updated: Wednesday, July 02, 2014, 18:24

The government should establish a gold bank and introduce a gold deposit account operated through scheduled commercial banks to minimise smuggling of the yellow metal, industry body Assocham said Wednesday.

RBI to issue clarifications on new bank licence norms on Jun

Last Updated: Friday, May 31, 2013, 21:18

The Reserve Bank Friday said it will issue clarifications sought by interested entities on new banking licence norms next week.

RBI imposes restrictions on bank loans against gold

Last Updated: Monday, May 27, 2013, 21:41

In a bid to curb demand for gold, the Reserve Bank Monday imposed restrictions on banks and NBFCs for providing loans against gold coins as well as units of gold ETFs and mutual funds.

RBI panel revives Manmohan Singh's 1992 idea of 'Gold Bank'

Last Updated: Wednesday, February 06, 2013, 18:56

An RBI panel has revived the proposal of setting up a gold bank, or Bullion Corporation of India, to reduce imports of the metal-- an idea mooted over two decades ago by the then Finance Minister Manmohan Singh.