SBI, HDFC and 13 other banks get a three-year government clearance to import gold and silver

The Directorate General of Foreign Trade under the Commerce Ministry has published a new notification on gold and silver imports, allowing a new list of banks to handle bullion imports. On April 17, the Department of Commerce, under the Ministry of Commerce and Industry, issued a notification with amendments in the Foreign Trade Policy (FTP), 2023. The notification dated April 17 shows the list of banks authorised by the Reserve Bank of India to import both gold and silver with effect from 01.04.2026 and valid up to 31.03.2029. The new list includes 15 banks approved by the Reserve Bank of…