Tuesday 3 February 2015

Banking stocks plunges after RBI kept key rates unchanged February 03, 2015

Shares of Kotak Mahindra Bank, HDFC Bank, Axis Bank and Canara Bank was down 2%, while Punjab National Bank shares were down 6%. 


Banking Stock slipped after RBI has decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 7.75 per cent and cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities (NDTL).

Shares of Kotak Mahindra Bank, HDFC Bank, Axis Bank and Canara Bank  was down 2%, while Punjab National Bank shares were down 6%.

ICICI Bank and YES Bank was down 0.21% and 1%. 

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