Bank stocks rally on Reserve Bank of India’s CRR move – Times of India

by The Technical Blogs


MUMBAI: Bank stocks rose sharply on Monday as markets reacted positively to RBI‘s decision to gradually release Rs 1-lakh-crore deposits locked in by a higher cash reserve ratio requirement.
The BSE Bankex index surged by over 1%, with public sector lenders Canara Bank (6%) and Bank of Baroda (3%) among the top gainers. The country’s largest lender, SBI, gained 1.4%.


Source link

Related Posts

Leave a Comment

Recent Posts

Pigeons swarm Las Vegas neighborhood, nesting at church Study finds adult female elk are badass and can’t be... Vacancy: some more elephants needed in the bush THE TECHNICAL BLOGS

Our Policies

Userful Links

Shop Stores

Copyright @2020  All Right Reserved - Designed and Developed by DSF SEO COMPANY