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Reliance Capital suspends gold business

New Delhi, June 21: Reliance Capital, part of the Anil Ambani promoted Reliance Group, will not sell physical gold, including sale through India Post and gold as an investment product across all its businesses and

India TV Business Desk [ Updated: June 21, 2013 12:06 IST ]
reliance capital suspends gold business
reliance capital suspends gold business

New Delhi, June 21: Reliance Capital, part of the Anil Ambani promoted Reliance Group, will not sell physical gold, including sale through India Post and gold as an investment product across all its businesses and subsidiaries.




The step has been taken in a bid to support the government's efforts to curb gold import.

In addition, the company's commercial finance division has also decided to suspend financing against gold as a security.

The decisions are subject to regulatory approvals, the company said.

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