https://www.taxtmi.com/news?id=4646 UCBs are instructed that, other than working capital finance, they must not grant advances for purchase of gold in any form, including primary gold, bullion, jewellery, coins and units of gold ETFs and gold mutual funds; loans against pledged gold ornaments may continue under existing safeguards. Classification as priority sector depends on the purpose and sanctioned amount of the loan, not the security; gold-secured loans to small traders qualify only if the advance's purpose and amount meet priority sector criteria. en-us Wed, 06 Feb 2013 14:37:51 +0530 Wed, 06 Feb 2013 14:37:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4646 UCBs are instructed that, other than working capital finance, they must not grant advances for purchase of gold in any form, including primary gold, bullion, jewellery, coins and units of gold ETFs and gold mutual funds; loans against pledged gold ornaments may continue under existing safeguards. Classification as priority sector depends on the purpose and sanctioned amount of the loan, not the security; gold-secured loans to small traders qualify only if the advance's purpose and amount meet priority sector criteria. News - Wed, 06 Feb 2013 14:37:51 +0530 https://www.taxtmi.com/news?id=4646