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 || SC: Dismissal, Being the Severest Punishment, Should be Imposed Only For Grave Misconduct || SC: Constructive Res Judicata Applies to Grounds Omitted Through Negligence or Inadvertence || Madras High Court: Honour Killing is a Shameful Act and an Extreme Manifestation of Casteism || Bombay High Court: Traditional Families Often Hesitate to Report Sexual Offences

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 :