Banking sector stocks: Bandhan Bank jump 2.07%, Axis Bank up 1.71%, SBI gains 0.96% as RBI slashes CRR by 100 basis points
Shares of most banking stocks traded in the green after the Reserve Bank of India (RBI) announced a 100 basis points cut in the Cash Reserve Ratio (CRR), reducing it from 4% to 3%. RBI Governor Sanjay Malhotra also announced a 50 basis points cut in the repo rate to 5.50% and revised the FY26 CPI inflation forecast downward to 3.7%.
As of 10:40 AM, several banking stocks showed positive movement. AU Small Finance Bank was up 0.97%, Axis Bank rose 1.71%, and Bandhan Bank gained 2.07%. Equitas Small Finance Bank climbed 4.30%, while CSB Bank advanced 2.14%. Jana Small Finance Bank, not listed on NSE, was up 3.05%. Fino Payments Bank added 2.87%, and Tamilnad Mercantile Bank rose 3.13%.
Public sector banks showed mixed trends. SBI was up 0.96%, PNB gained 1.27%, and Bank of Baroda declined by 1.85%. Central Bank and Indian Overseas Bank fell over 2%, while UCO Bank dropped nearly 3%. IDFC First Bank and RBL Bank rose by 1.93% and 2.23%, respectively.
Private lenders like ICICI Bank and HDFC Bank traded flat to slightly positive. Kotak Mahindra Bank was up 0.85%, and IndusInd Bank gained 0.93%. Yes Bank traded 0.57% higher, and Union Bank rose 0.49%.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
