Milestone for India's bullion industry! SBI executes first gold trade as Special Category Client on IIBX

SBI was also the first bank to become a Trading-cum-Clearing (TCM) Member at India International Bullion Exchange in 2024, the PSU bank said. C S Setty, Chairman of SBI said, “This collaboration not only reinforces SBI’s role as a pioneer in financial services but also contributes to reshaping bullion imports, making them more cost-effective and compliant with global standards.”