{"id":"f-e550251d2f-19dc8b4d-b8f7-5694-9115-c9d232d3290e","title":"Commerce Ministry adds Sber Bank to list of authorised gold importers for FY26","description":"The Commerce Ministry has added Russia’s Sber Bank to the list of RBI-authorised gold importers for FY26, expanding the tightly regulated import framework.","timestamp":1766160171,"category":"business","headline":"Commerce Ministry adds Sber Bank to list of authorised gold importers for FY26","modifiedHeadline":"Sber Bank Added to Gold Importers List","subCategories":["scid_4d81caea"],"region":"IN","bundleMetaData":{"bundleId":"7b48871c-c993-4956-b43d-6f46f8e1b036","bundleTitle":"Today In India","cardData":null},"iabCategoryId":"77","fcSummary":"India has authorized Russia's Sber Bank to import gold for domestic use until March 2026, marking the first expansion of authorized banks in FY26. This move aims to diversify import channels and improve supply flexibility under existing foreign trade policies.","summary":"Russia's Sber Bank gains crucial access! Commerce Ministry authorizes it as gold importer for FY26, impacting global trade dynamics.","ctaUrl":"https://trends.glance.com/newz/Economy/IN/en/cnbc-tv18/f-e550251d2f-19dc8b4d-b8f7-5694-9115-c9d232d3290e","sourceUrl":"https://www.cnbctv18.com/economy/commerce-ministry-adds-sber-bank-to-list-of-authorised-gold-importers-for-fy26-19797407.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/PmyZqkuGHLp0.webp","content":"The Commerce Ministry has expanded the list of banks authorised to import gold in the current financial year by including Russia’s Sber Bank, according to a public notice issued by the Directorate General of Foreign Trade (DGFT).\n\n
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\n The amendment to Appendix 4B of the Handbook of Procedures, 2023, adds Sber Bank to the list of Reserve Bank of India-authorised banks permitted to import gold for FY2025-26. The authorisation for Sber Bank is valid from June 25, 2025, until March 31, 2026, and is restricted to imports meant for domestic consumption only.\n
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\n Until now, only two Indian lenders—Indian Overseas Bank and Union Bank of India—were allowed to import gold during the ongoing financial year. The inclusion of Sber Bank marks the first expansion of the authorised list in FY26.\n\n
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\n The DGFT said the change has been made under the powers conferred by the Foreign Trade Policy, 2023, as amended from time to time. The revised list will remain effective for the financial year ending March 31, 2026.\n
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\n Gold imports into India are tightly regulated, with permissions granted selectively to manage foreign exchange outflows and the trade deficit. Banks authorised to import bullion play a key role in supplying gold to domestic jewellers and other users through regulated channels.\n
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\n Market participants said the move could help diversify import channels and improve supply flexibility, particularly during periods of strong domestic demand, while maintaining regulatory oversight.\n","readDurationInMinutes":"2","author":{"name":"CNBC TV18","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/ecc3d19b-fc52-4a39-881c-5b0936ae723b.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"383191425","type":"COMSCORE"}],"pointerSummary":["Sber Bank (Russia) added to list of RBI-authorized gold importers for FY26 in India.","Authorisation valid June 25, 2025 - March 31, 2026, for domestic use only.","Expansion aims to diversify import channels and improve supply flexibility for gold."],"tags":["SberBank","GoldImports","CommerceMinistry","DGFT","RBI","India","Russia","ForeignTradePolicy","FY26","IndianOverseasBank","UnionBankofIndia","Bullion","TradeDeficit"],"consent":true,"redirectionEnabled":false}

Commerce Ministry adds Sber Bank to list of authorised gold importers for FY26

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