SBI expands bullion footprint: Bank joins India International Bullion Exchange as special category client; aims to boost transparency & efficiency

State Bank of India has made its first gold trade on the India International Bullion Exchange. This move marks a significant step in improving India’s gold import system. SBI’s new status as a special category client will help jewellers and other businesses conduct gold transactions more easily. This initiative aims to make gold imports more efficient and cost-effective.

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