AP HP Criticized Authorities and Ordered Removal of an Ex-Serviceman’s Land From the Prohibited List || Kerala High Court Upheld the Conviction of a Madrasa Teacher in a Child Sexual Assault Case || Gauhati High Court: Pending Criminal Case Cannot Indefinitely Delay an MBBS Pass Certificate || SC Took Suo Motu Action and Directed Odisha to Aid a Visually Impaired Man and His Mother || Whether a Life-Threatening Rescue by Cop Can be Treated as Routine Duty, Madhya Pradesh HC Clarifies || Madhya Pradesh HC: Officer Cannot Oversee Department Conducting Disciplinary Proceedings Against Him || Madras High Court: POCSO Act Does Not Exempt Romantic Relationships Involving Minors || SC Upholds Haryana Rule Delaying Aid to Kin Accused of Murdering Government Employees || Supreme Court: Lokayukta Special Police is Not Exempt From RTI as an Intelligence Body || Supreme Court: Curable Irregularity in Appointments Cannot Nullify Entire Recruitment Process

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 :