Supreme Court: SC/ST Act Does Not Apply to Alleged Casteist Abuse Inside a Private House || Supreme Court: Frictionless Relationship Between the Bar and the Bench Strengthens Justice Delivery || Delhi High Court: Eviction From Jhuggis With Rehabilitation Does Not Violate Article 21 || Madras HC: Courts Cannot Remain Silent When Single Disputed Vote Could Determine Government’s Fate || Allahabad HC Blamed State and Police For Delays and Ordered Reforms to Tackle “Tarikh Pe Tarikh” || Supreme Court: Banks Cannot Invoke IBC Against Debtors For Builder-Linked Loans || Supreme Court: Non-Disclosure of Failed Candidates’ Marks Does Not Imply They Passed Exams || Supreme Court: Murder Accused Cannot Inherit Property of the Person Allegedly Killed || Supreme Court: Delay in Deposit Does Not Automatically Cancel Contracts under Specific Relief Act || SC: Railways is Treated as a Consumer under the Electricity Act, Not a Distribution Licensee

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 :