Banking stocks gain on bond rally, earnings hopes

Lenders gain for a second consecutive day with the Bank Nifty up 0.6 percent after its 1.8 percent gain on Friday.

A rally in bonds after the RBI fully sold the 200 billion rupees ($3.31 billion) worth of debt on offer on Thursday sparking gains in banks, while hopes of sturdier earnings also help.

Punjab National Bank is up 2.2 percent, Bank of Baroda rises 1.9 percent and State Bank of India is up 1.3 percent.

HDFC Bank gains 0.8 percent ahead of its results on Tuesday, while ICICI Bank and Axis Bank are up marginally ahead of their results later in the week.


  • RBI should make it must for banks to disclose loans refinanced under 5/25 scheme

    There is reasonable doubt that banks are using the 5/25 scheme to postpone dealing with bad loans.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Roopen Roy

Bitcoins will spark India’s financial innovation

Often, when you string together two pieces of seemingly unconnected ...

Rajgopal Nidamboor

The power of detached thinking

Dispassionate thinki­ng holds the discriminating embroidery of perceptive focus and ...

Dharmendra Khandal

Mosquitoes are a menace, but part of eco system too

Who can deny that mosquitoes are a menace? The buzz ...


William D. Green

Chairman & CEO, Accenture