RBI Guidelines on Gold Monetization Scheme.

Posted by Alia Kapoor
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Dec 2, 2015
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In exercise of the powers conferred on the reserve bank of India under the provisions of section 35A of the banking regulation act, 1949, the RBI has issued directions to all the scheduled commercial banks (excluding regional rural banks) regarding the “Gold Monetization Scheme” in pursuance of the central government notification in this regard. This direction is called ‘The Reserve Bank of India (Gold Monetization Scheme) Direction, 2015.
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