For Quick Alerts
For Daily Alerts

Banking Stocks Surge After RBI Rate Cut


Banking stocks were seen trading higher after the report that RBI cut repo rates by 25 Basis Points on Thursday.

The RBI Cut interest rates by 25 basis points to 7.75 per cent from 8 per cent. The country's central bank has left the CRR rate unchanged at 4 per cent.

Banking Stocks Surge After RBI Rate Cut
ICICI Bank: Quotes, News
BSE 411.95BSE Quote1.3 (-0.32%)
NSE 412.15NSE Quote1.25 (-0.30%)
State Bank of India: Quotes, News
BSE 284.65BSE Quote7.05 (-2.48%)
NSE 284.70NSE Quote7 (-2.46%)

Almost all of the other banking stocks including the PSU banking stocks were up between 3-5 per cent. Allahabad bank was up 5.41 per cent. Smaller private sector banks like South Indian Bank and Lakshmi Vilas Bank were also seen trading higher.

Banking stocks such as ICICI Bank was up 4 per cent, SBI rose 4.53 per cent and Bank of Baroda surged 4 per cent.

Read more about: banking rbi rate cut repo rate
Story first published: Thursday, January 15, 2015, 12:52 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more