Updated list of banks authorised by Reserve Bank of India to import only gold for FY 2025-26 with effect from 01,04.2025 and valid upto 31,03.2026
Amendment in Appendix 4B of Handbook of Procedures 2023
In exercise of the powers conferred under paragraphs I .03 &2.04 of the Foreign Trade Policy (FTP), 2023, as amended from time to time, the Director General of Foreign Trade hereby makes the following amendments in Part B under Appendix 48 of Handbook of Procedure,2023
The following is the updated list of banks authorised by Reserve Bank of India to import only gold for FY 2025-26 with effect from 01,04.2025 and valid upto 31,03.2026.
1. Indian Overseas Bank
2. Union Bank of India
3. SBER Bank*
* Import allowed for domestic consumption only, and the authorisation is w.e.f. 25.06.2025 till 3r.03.2026)
Effect of this Public Notice: The name of SBER Bank has been included in the list of banks authorized to import only gold applicable w.e.f. 25.06.2025 til131.03.2026 under Part B of Appendix 48 of Handbook of Procedures,2023.
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Note: SBER Bank (more commonly known as Sberbank or simply Sber) is the largest bank in Russia and one of the biggest financial institutions in Central and Eastern Europe. The Government of the Russian Federation is the principal shareholder. Its stake is held through the National Wealth Fund (managed by the Ministry of Finance of Russia), which owns 50% + 1 voting share of Sberbank’s shares
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