The Government of India updated the list of banks authorised to import gold and silver during 2024-25.

Banking & Finance

The Government of India updated the list of banks authorised to import gold and silver during 2024-25. As per the list, 11 banks, including HDFC Bank and ICICI Bank, have been authorised by the Reserve Bank of India to import gold and silver for 2024-25 with effect from 1st April 2024. The authorisation will be valid up to 31st March 2025. Three banks -- Indian Overseas Bank, Punjab National Bank, and Union Bank of India -- have authorised by the RBI to import only gold for 2024-25. Gold imports rose 38.76 percent to $44 billion during April-February this fiscal. However, silver imports dipped 11.53 percent to $4.62 billion during the period.


     

     

     

 

     


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