The National Stock Exchange of India Limited (NSE) through a circular dated 14.05.2021 informed amendments regarding the NSE refiner standards for gold bar conforming to the BIS standards. The Exchange informed that in addition to 1 kilogram and 100 grams gold bars produced by Approved Refiners who are in compliance with the provisions of the NSE refiner standards, NSE shall start acceptance of 1 gram gold coins with a purity of 999.0 parts
per thousand fine gold (produced by Approved Refiners). This is done towards settlement of the 1 gram gold contracts to be traded on NSE.
RBI FAQs on the circular on ‘Reset of Floating Interest Rate on Equated Monthly Installments (EMI) based Personal Loans’
The circular exclusively applies to EMI-based personal loans. It does not extend to other loan types, such as business or commercial loans. Personal loans, as