.... In a separate move, the finance ministry has already sought the Reserve Bank of India’s (RBI) opinion on allowing banks to hedge their risks on commodity futures and RBI is understood to have asked banks to give their views. Banks are prepared to enter this space because it helps them manage their risk while financing the commodity trade or companies. In fact, several banks have bought stakes in commodity exchanges. For example the State Bank of India holds 5.2 per cent in MCX and IDBI Bank holds 10 per cent in new exchange UCX......
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