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17 banks cleared for gold, silver imports

April 18, 2026

|

Mint Mumbai

The Directorate General of Foreign Trade (DGFT) on Friday authorised 17 banks to import precious metals for the period from | April to March 2029, according to an official order.

- Gireesh Chandra Prasad

Of these, Union Bank of India and Russiaheadquartered SBER Bank are authorised to import only gold, while 15 others, including Axis Bank Ltd, State Bank of India, Indian Overseas Bank, and HDFC Bank Ltd, are authorised to import both gold and silver, the order showed. Bank of India, Deutsche Bank, Federal Bank Ltd and Industrial and Commercial Bank of China Ltd are also on the li

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