Authorities Holding Public Auctions Must Disclose All Known Encumbrances and Related Litigation || SC: Compensatory Allowances Must Be Included While Computing Overtime Wages U/S 59 of Factories Act || SC: NGT Has No Jurisdiction to Decide Disputes Relating to Building Plan Violations || SC: Evidence is Often Fabricated Using AI And False Allegations are Rampant in Matrimonial Cases || SC: While Declining to Quash an FIR, A High Court Should Not Direct Police To Follow Section 41A CrPC || Allahabad High Court: Recruitment Rules Cannot Override Compassionate Appointments || Rajasthan HC: Single Blunt Blow Causing Grievous Injury is Not Attempt to Murder Without Intent || Karnataka High Court Holds Mining Leases Granted in Violation of Rule 22-D are Void Ab Initio || Supreme Court: Wait-Listed Candidates Have No Vested Right After List Expiry || SC: Reserved Candidates Scoring Above General Cut-Off Must be Considered For Open Posts

Advance against pledge of gold ornaments and jewellery- (Reserve Bank of India) (15 Oct 2015)

MANU/RMIC/0367/2015

Banking

Reserve Bank of India has extended its policy standardising the valuation of gold jewellery presented towards security or collateral to cooperative banks, which may now use historical spot gold price data of the preceding 30 days publicly disseminated by a commodity exchange regulated by SEBI.

Relevant : Advance against Pledge of Gold/ Silver Ornaments MANU/RMIC/0063/2014 Lending against Gold Jewellery MANU/RMIC/0103/2014

Tags : VALUATION GOLD ORNAMENTS JEWLLERY COOPERATIVE BANK

Share :