Sebi, NSE urge banks to utilise exchange platform for sourcing, hedging gold
Banks should source gold from the exchange platform and also utilise it for hedging and risk management, Sebi Whole Time Member S K Mohanty said on Friday. "Time has now come for the banks to come forward and source gold from the exchange platform... Also do their hedging and hedge risk management on the exchange platform itself
NSE MD and CEO Vikram Limaye opined that banks should be allowed to participate in the exchange where they can integrate refining of scrap gold or jewellery mobilised under the Gold Monetisation Scheme. Source: Reuters