Madras High Court Upholds Appointment of District Judges as Tamil Nadu Lokayukta Secretary || Allahabad High Court: IO’s Mere Apprehension Cannot Justify Withholding Seized Items || Patna High Court: Mere Sight of Spouse in Compromising Position doesn't Prove Adultery || Sikkim High Court: POCSO Case not Quashed on Settlement after Survivor Turns Major || Chhattisgarh High Court: Backward Classes Commission Cannot Decide Private Commercial Disputes || SC: Futures & Options Investors Cannot Recover Trading Losses From Professional Clearing Members || Supreme Court: NCTE Executive Committee Can Seek Annual Reports From Teacher Education Institutes || SC: S.362 CrPC Cannot Limit HC’s Inherent Power to Recall Judgment Causing Miscarriage of Justice || Supreme Court Upholds RBI’s Power to Supersede Multi-State Co-op Bank Boards Beyond Six Months || Supreme Court: Retaining Victim in a Specific Role Cannot Reduce Functional Disability

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 :