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Indian Gold Book:Indian Gold Book - Gold Bars Worldwide

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BANKS<br />

SUMMARY OF GOLD CELL SERVICES<br />

7 of the 10 active banks have their <strong>Gold</strong> Cell headquarters in Mumbai.<br />

Bank <strong>Gold</strong> Cell <strong>Gold</strong> Cell Wholesaling <strong>Gold</strong> loans to fabricators <strong>Gold</strong><br />

HQ branches Minimum TT Deposit<br />

order Domestic Exporters Scheme<br />

Public Sector Banks<br />

State Bank of India Mumbai 31 50 1 kg plus 1 kg plus Yes<br />

Allahabad Bank Kolkata 7 100 1 kg plus In planning Yes<br />

Bank of India Mumbai 6 50 - 1 kg plus -<br />

Corporation Bank Mumbai 17 50 1 kg plus - Yes<br />

<strong>Indian</strong> Overseas Bank Chennai 7 100 1 kg plus 1 kg plus Yes<br />

Punjab National Bank New Delhi 12 100 - - -<br />

Foreign Banks<br />

ABN-AMRO Mumbai 8 100 - - -<br />

Bank of Nova Scotia Mumbai 5 100 - 3 kg plus Yes<br />

Standard Chartered Mumbai 9 100 - In planning -<br />

HSBC Mumbai 8 50 - In planning -<br />

64<br />

A secondary tier bullion dealer.<br />

Banks normally require a minimum order of 100 TT bars.<br />

AN INTRODUCTION TO THE INDIAN GOLD MARKET

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