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 Mumbai:
IndusInd Bank is entering into bullion trading business
across nine centres.
The
private sector bank aims to capture a 15-20 per cent of
the Rs 25,000-crore per annum gold import market in the
first year of its operation, said the bank in its press
release.
Gold
is brought into the country mainly through designated
banks or through non-resident Indians returning home.
The role of an intermediary between the overseas suppliers
and the domestic buyers without itself stocking the yellow
metal is what IndusInd Bank plans to do.
 The
bank, which has set a minimum lot size of 10 kilogram,
plans to do the business in Ahmedabad, Bangalore, Chennai,
Coimbatore, Jaipur, Kolkata, Mumbai, New Delhi and Secunderabad.
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of reports on IndusInd Bank
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