The State Bank of India has been the main official supplier of gold in India for many years, although the amount handled was small until the late 1990s, when full liberalisation of the Indian market allowed international bullion banks to put stocks in India. Previously the State Bank had handled only limited quantities from local sources or official imports destined for jewellery fabrication and re-export. Today, however, the bank is the main importer of the 500-600 tonnes (16-19 m oz) gold taken up by India annually. The Reserve Bank of India, which oversees gold regulations, has a 59.73% stock holding in the State Bank.

State Bank of India
Nariman Point
Mumbai - 400 021
India

Tel. +91 22 202 2426
Fax +91 22 202 1647
Web www.statebankofindia.com