Saturday, May 5, 2012

Private banks turn focus on gold-related biz for growth

........As on date, there are over 35 banks that have been given permission by the Reserve Bank of India (RBI) to import gold for trading in bullion at the wholesale and retail level. “There is clearly retail interest in buying gold, and banks may not want to miss out on this opportunity. The opportunities of cross-selling is also higher by offering such diverse products and services. So, it is clearly a demand driven effort,” ...............

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