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5 private companies get approval on gold import
Posted on: 21/Mar/2014 5:50:50 PM
In an announcement made by the assistant governor of Reserve Bank of India, K. C. Chakravarthy, he stated the central government has approved import of gold for five private companies under the 80:20 plan. Upon this, it is expected that gold jewelers will have surplus gold for designing ornaments which in turn will create a decrease in price of gold jewels. The five private companies include:
- HDFC bank
- Axis bank
- Kotak Mahindra bank
- Indusind bank
- Yes bank
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