Sebi comes out with operating guidelines for depositories, vault managers
This is the minimum amount which has to be maintained with depository at all points of time.
Feb 14, 2022, 21:13 PM IST
8 temples deposit gold under gold monetisation scheme
Coming forth and supporting government's gold monetisation scheme, eight temples of the country have donated gold deposits under the scheme, the most coming from Tamil Nadu.
May 07, 2016, 09:40 AM IST
Govt tweaks gold monetisation scheme
To make the gold monetisation scheme more attractive, the government has allowed investors to redeem the deposits in gold also
Apr 02, 2016, 00:18 AM IST
Modi govt mobilises 900 kgs of gold under monetisation scheme
The Gold Monetisation Scheme, which had not picked up initially, was fine-tuned to make it more attractive and convenient to encourage entities holding idle gold to participate in the scheme.
Jan 23, 2016, 19:10 PM IST
Gold monetisation scheme: 2% interest likely on gold deposits
The government is gearing up to launch the gold monetisation scheme around Diwali with an interest rate of 1.5-2 percent on gold deposits, said a senior finance ministry official.
Sep 10, 2015, 20:24 PM IST
Banks' aversion to higher interest may hurt India plan to draw out gold stocks
Indian lenders do not want to raise interest on gold deposits much beyond 1 percent, bankers said, which could derail a government plan to cut massive imports by mobilising tonnes of gold now stored in households and temples.
Aug 22, 2015, 14:55 PM IST
Government drops plan to use gold deposits as part of CRR, SLR
The government has dropped plans to utilise gold mobilised under the proposed monetisation scheme for meeting mandatory liquidity requirements for banks, as it wants to avoid another confrontation with RBI.
Aug 10, 2015, 19:01 PM IST
Good interest rate must for success of gold scheme: Nomura
At present, banks are offering an interest of up to 1 percent on gold deposits and the same needs to be "much higher" for the new scheme to succeed.
May 22, 2015, 18:59 PM IST
SBI, BoB seek treatment of gold deposits as part of CRR/SLR
The country's two biggest state-run lenders Saturday pitched for treating a portion of their gold deposits as part of the mandatory cash reserve ratio (CRR) or statutory liquidity ratio (SLR), both of which banks consider as non-productive.
Jun 28, 2014, 17:25 PM IST
