Click it and Unblock the Notifications
Repo rates are the rates at which RBI lends to banks and any hikes tend to puts margin pressure on banks. The Bank Nifty was down more than 1 per cent in trade at 10,424 points.
Among the banking stocks that declined in trade were Axis Bank and IndusInd Bank, which both fell by 2 per cent each, while ICICI Bank fell below the Rs 1000 mark.
PSU banks were the worst hit in trade with Canara Bank and Bank of India falling sharply. Also read 5 quick takeaways from the RBI Monetary policy.
Today's drop in banking stocks came largely after the RBI decided to hike repo rates, against hopes that it would maintain a status quo on rates.
GoodReturns.in
More From GoodReturns
Crash in Gold Rate in India by Rs 71,400 in Single Day; Will Gold Price Today Fall Below Rs 1.50 Lakh? Outlook
Indane, HP & Bharat Gas Cylinder Booking Rules: OTP Mandatory After LPG Refilling Gap Increased to 25-45 Days
Gold & Silver Rates Today Live: MCX Gold Crashes By Rs 5,645, Silver Falls By Rs 16,540; 24K, 22K, 18K Gold
1:5 Split Soon? Vedanta Ltd To Consider 3rd Interim Dividend On March 23, Share Jumps; Record Date & Buy Call
Mega Gold Price Crash Alert! 24K Sinks Rs 1.36 Lakh/100 Gm In Week; Silver Sees Losses | March 23-27 Outlook
Gold & Silver Rates Today Live Updates: Will 24 Carat, 22 Carat, 18 Carat See Bullish Week Ahead?
Gold Rates In India Crash By Rs 29,400 On March 21 After Spot Gold Hits Weakest Week; 24K, 22K, 18K Gold Price
ATM Rules Changing From April 1, 2026: HDFC Bank, PNB, Bandhan Bank & Others Revise Cash Withdrawal Rules
Huge Crash in Gold Rate in India By Rs 1.43 Lakh in Just 7 Days; Will Gold Price Today Fall Further on 23 Mar?
Sleeper Vande Bharat Express New Routes Identified for Long Distance Travel
1:5 Split Soon: BUY Vedanta Stock Ahead Of 3rd Interim Dividend Announcement On March 23? Target Above Rs 800
Sign in with Google