New Delhi, April 19
The bank has mobilised substantial gold deposit under Short Gold Bank Term Deposit for three years from one of the leading trusts of India — Tirumula Tirupati Devasthanam, Tirpuati, PNB said. Thus, PNB is the top mobiliser of gold under Gold Monetization Scheme, it said.
The bank has mobilised 1,311 kg of gold since the launch of the scheme in November. It would continue to work actively for mobilization of gold deposit under GMS, it added. Under the scheme, banks are authorised to collect gold for up to 15 years to auction them off or lend to jewellers from time to time. PTI
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