PSU Banking Stocks Gain After RBI Keeps Rate Unchanged

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PSU bank stocks were seen trading higher by 1.7 per cent, after the Reserve Bank of India (RBI) held repo rates steady.

Canara bank stocks were star performer among the PSU bank stocks, it surged by 5.21 per cent at Rs 306. Union Bank was up by 5.69 per cent at Rs 196.

Also read: 5 Takeaways From The RBI Monetary Policy

PSU Banking Stocks Gain After RBI Keeps Rate Unchanged

Punjab National Bank was seen trading higher by 1.84 per cent to Rs 157 and State bank of Idnia was seen up by 1.17 per cent to Rs 284 on NSE at 12.25 pm IST.

The stocks of private bank stocks were trading lower were HDFC Bank, IndusInd Bank, and Federal bank were among the top banking losers.

Meanwhile, the BSE Sensex was down 126 points and NSE was lower by 52 points during the trade.

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