Govt backs banks entry into commodity trading


The government is set to remove the legal hurdle in the entry of banks into commodity futures trading, despite the Reserve Bank of India’s reservations on the issue. Banks can now trade in shares, bonds and currencies, but Section 8 of the Banking Regulation Act prohibits them from trading in goods.
http://www.business-standard.com/india/news/govt-backs-banks/-entry-into-commodity-futures-trading/476217/

 

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