Supreme Court Upholds the Constitutionality of Life Sentences Without Remission Until Natural Death || Supreme Court: Service Benefits Can't be Refused Due to Missing ACRs Not Attributable to Employees || Supreme Court: Courts May Grant Lesser Relief under Order VII Rule 7 CPC, But Not a Different Claim || Supreme Court Dismisses Lokpal's Plea Against Delhi HC Order Quashing Probe into Defence Secretary || SC Grants Bail to Two UAPA Accused, Citing 12-Year Incarceration and Violation of Article 21 || Madras High Court: Seeking Divorce over Wife's Accidental Hip Injury is Inhumane || Kerala High Court Directs Stronger Audit and Financial Oversight in Guruvayur Devaswom || Madras High Court Directs State and Judiciary to Expedite Rape and POCSO Trials || Karnataka HC Upholds RTO's Power to Cancel Registration Secured by False Documents || Karnataka HC: Bengaluru-Mysuru Corridor Could be Biggest Scam, Farmers Deprived of Land

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 :