....Suggestions made by an RBI group on gold-backed financial products, which could include allowing banks to offer gold deposits in demat form and developing the gold loan market, could be the way forward. Introduction of inflation-linked bonds can also help in curtailing the gold demand. Considering that the investment needs of the economy are large in comparison to the existing financing capacity of the banking and non-banking sectors, combined with greater capital requirements for banks under Basel III norms, there is a need for more capital into the banking system. ......
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