While the BSE bankex ended 231.40 points or 0.78% lower at 29,372 level, bank Nifty fell 187 points to 26,113 points. 

The RBI said that it has extended the timeline for banks to set aside an additional 0.625% as capital conservation buffer by one year to March 31, 2020 to help banks to lend more.

On Nifty, the stock lost 5.69% to 193.15 compared to the previous close of 204.80. The stock opened at a loss of 3.17% at 198.55 in trade today. The stock has lost 37.88% during the last one year and fallen 38.42% since the beginning of this year.

RBI has managed to protect the reserves, such as currency and gold revaluation reserves, Contingency Fund, Asset Development Fund and Investment Revaluation Account

RBI, govt signal truce; sends contentious issue of surplus to expert panelSignalling a temporary truce, the Reserve Bank and the government Monday agreed to refer to an expert committee the contentious issue of appropriate size of reserves that the RBI must hold, while restructuring of stressed loans of small businesses would be considered by the central bank. The setting up of the committee, whose members will be decided by the government and the RBI, followed a marathon nine-hour long meeti...

Former Union finance minister P Chidambaram twetted \"Glad that the Government has stepped back and grudgingly acknowledged the independence of the RBI.\"

Increased selling of the US dollar by exporters and banks also improved sentiments for the Indian currency.  The Indian currency opened 18 paise higher at 71.47 level to the dollar compared to its previous close of 71.65.

DBS Banking Group says that knee jerk gains in bonds are likely, before returning to familiar drivers particularly in midst of the sharp overnight sell-off in the US markets

The bank said, \"We would like to inform that Rentala Chandrashekhar, Non-Executive, Independent Director has tendered his resignation from the board of directors of YES Bank on November 19, 2018 with immediate effect.\"

Thanks to Urjit Patel's conciliatory moves right through the day, the meeting was largely conducted in a non-hostile environment.