Curbs on use of credit card to buy gold, take a swipe at online jewellery sales
Just days after banks withdrew EMI (equated monthly instalment) schemes on credit card purchases for gold, online sales of the yellow metal fell 20 per cent, the first time since e-tailers started operations. “In just four days, our sales have dropped …
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Private banks mull exit from gold coin business
In a recent meeting with chiefs of public sector banks, Finance Minister P Chidambaram had asked them to stop gold coin business. According … HDFC Bank is now offering gold coins only to its existing customers, with a prior banking relationship …
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