Delhi HC seeks RBI response on implementation of Uniform Banking Code

Court also asks Centre to file a reply in the case in six weeks; next hearing on March 20

The Delhi High Court on Monday sought a response from the Reserve Bank of India (RBI) on a plea seeking to apply the Uniform Banking Code on foreign exchange dealings, in order to control black money and Benami transactions.

A bench of Justices Satish Chandra Sharma and Subramonium Prasad issued a notice to the RBI saying the matter needs a detailed hearing.

The court also issued a notice to the Centre to file a reply in the case in six weeks. The next hearing is on March 20.

In the previous hearing, the court had issued notices to the ministries