India considering ending Bank sales of gold

mrbrklyn · Jun 27, 2012

http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=154100&sn=Detail&pid=102055

India's Reserve Bank considering banning banks from selling gold coins

Partly in a bid to curb rising gold imports, the country's highest bank is mulling the halting of gold coin sales by banks, saying it believes the sale of gold coins is not part of a bank's core business .
Author: Shivom Seth
Posted: Wednesday , 27 Jun 2012

MUMBAI (MINEWEB) -

The sale of gold coins in India by banks could be curbed with the Reserve Bank of India considering banning such sales. Partly, an attempt by the Reserve Bank to help curb rising gold imports, the Bank says it also believes such sales are not relevant to core banking operations.
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