Bank Nifty at all-time high

The Bank Nifty index on Wednesday hit a new record, thanks to a rally in index heavyweights such as State Bank of India (SBI) and ICICI Bank over the past few sessions. The index closed at 21,391, up 165 points or 0.8 per cent on Wednesday. The central government's assurance that it would find a solution to non-performing loans (NPLs) trigged investor optimism in the sector. Key components like HDFC Bank, Kotak Mahindra, IndusInd Bank, and Yes Bank are trading near their lifetime highs.
 
Last week, Union finance minister Arun Jaitley said the Centre was working with Reserve Bank