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Special Category Client on IIBX - SBI
November 6 , 2025
16 hrs 0 min
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- State Bank of India executed its inaugural gold trade as a Special Category Client (SCC) on the India International Bullion Exchange (IIBX).
- SBI was the first bank to become a Trading-cum-Clearing (TCM) Member at IIBX in 2024.
- As a Special Category Client, SBI facilitates bullion transactions for jewellers, bullion dealers, and other stakeholders.
- The move aims to enhance efficiency, transparency, and accessibility in India’s bullion import system.
- SBI’s participation supports GIFT City as a global financial hub and aligns with government initiatives to modernize the bullion trade.
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