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Wednesday, January 20, 2016

IDFC Bank authorised to be receiving office for SGB Scheme 2016



The Reserve Bank of India on Tuesday said it has decided to notify IDFC Bank as a receiving office for the second tranche of Sovereign Gold Bond issuance (SGB Scheme 2016).

“Government of India, in consultation with RBI, has decided to notify IDFC Bank as a receiving office for the second tranche of SGB Scheme 2016,” RBI said in a notification.

The notification dated January 14, 2016 has been amended to this effect. The other terms and conditions of the Notification shall remain unchanged, it added.