BSE 30-share Sensex went up 345 points and settled higher at 62,846 while NSE Nifty surged 99 points and ended at 18,599. Nifty had an intra-day high of 18,641. The Bank Nifty hit a fresh all-time high at 44,483. BSE banking index eventually ended 0.7 per cent higher at 44,312.
The Reserve Bank of India has come across gaps in corporate governance for certain banks and such gaps have the potential to cause volatility in the overall banking sector, said its governor Shaktikanta Das.
While conveying RBI's expectations from the boards of directors of banks and explaining the multi-dimensional responsibility of individual directors, the RBI Governor said, "It is the responsibility of the Board to ensure that policies are in place to identify potential conflicts of interest
Delhi High Court on Monday dismissed PIL challenging Reserve Bank of India and State Bank of India notifications, which permits the exchange of Rs 2,000 banknotes without obtaining any requisition slip and identity proof.
A woman naxal cadre was apprehended on Saturday after an exchange of fire between Naxals and Border Security Force (BSF) troops near Urpanjhur in Kanker, said the officials.
The arrested persons were allegedly en route to deposit the Rs 2,000 notes in the bank. RBI had recently decided to withdraw Rs 2000 currency notes from circulation, however, they will continue to remain as legal tender.
Delhi's Rohini Court on Friday reserved an order on the point of service of summon to BBC and other parties as per the Hague Convention. The court has reserved an order on this point for July 7. This matter pertains to the controversy over the documentary series "India: The Modi Question" wh