Seven Indian banks recently received the Reserve Bank of India nod to import gold and silver, reports suggest. The banks are – Karur Vysya Bank, Punjab and Sind Bank, South Indian Bank, State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State bank of Mysore, and State Bank of Travancore. %% Already, 23 banks hold the RBI permission to import gold and silver into the country, and the recent approval beings the count to 30, reports say. %% As gold is a regulated sector in India, the country’s federal government allows state-run and private banks are permitted to trade in gold on wholesale and retail level.