SC: Amendments to Government Orders Must Be Construed Fairly to Prevent Hardship || SC: Divorce Settlement Waiver Bars Revival of Monetary Claim under DV Act || Supreme Court: Plaint Cannot Be Rejected Where Ad Valorem Court Fee Depends on Disputed Facts || SC: Bail in Serious Offences like Murder Cases Must be Supported by Clear and Justifiable Reasons || Gauhati HC: Legal Heir Not Made Party Can Challenge Ex-Parte Succession Certificate || Allahabad HC: Hijab Not Essential Islamic Practice, Rejects Plea to Wear It With School Uniform || Gauhati HC: 24-Hour Limit for Magistrate Production Starts From Initial Detention under NDPS Act || Gujarat HC Orders Human Verification of AI-Generated Case Law in Tax Orders, Warns of Contempt || Madras HC: Pending Domestic Violence Case Alone Cannot Curtail Husband’s Right to Travel Abroad || Rajasthan HC: Son’s Coparcenary Claim Fails without Proof of Hindu Undivided Family

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 :