New Delhi, April 17 -- The Department of Commerce, under the Ministry of Commerce and Industry, has updated the list of banks authorised to import gold and silver, as per an official notification issued on Friday.

According to the notification issued by the Directorate General of Foreign Trade (DGFT), amendments have been made in Appendix 4B of the Handbook of Procedures, 2023, under the Foreign Trade Policy (FTP), 2023.

The revised list will come into effect from April 1, 2026, and will remain valid until March 31, 2029.

As per the notification, a total of 15 banks have been authorised by the Reserve Bank of India to import both gold and silver.

These include major public and private sector lenders such as Axis Bank Limited, Bank of ...