In a note, India International Bullion Exchange (IIBX) announce about HDFC Bank’s gold trade. IIBX announces that HDFC Bank has executed the first ever trade in Gold by any bank on IIBX under Special Category Client – Nominated Bank Category.
This trade to import Gold through IIBX ecosystem by HDFC Bank, the largest private sector bank of the country, paves the way for other Nominated Banks to follow and start importing bullion through IIBX.
Speaking at the occasion, Arup Rakshit, Group Head-Treasury HDFC Bank said “We are happy to be a part of the first ever such deal in the IIBX and support efforts for India to play a larger role in the global bullion market. We also thank our valued customer Malabar Gold and Diamonds Limited who participated in the deal”
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Shaping India’s $100 Billion Gems & Jewellery Future
At the Chintan Shivir on the 2040 Roadmap, Commerce Secretary Shri Rajesh Agrawal outlined a vision to grow India’s gems & jewellery sector from ~$29B to $100B, driven by innovation, technology, design, global branding.
Shaping India’s $100 Billion Gems & Jewellery Future
At the Chintan Shivir on the 2040 Roadmap, Commerce Secretary Shri Rajesh Agrawal outlined a vision to grow India’s gems & jewellery sector from ~$29B to $100B, driven by innovation, technology, design, global branding.
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