Mumbai, April 22 -- The Nifty Bank index rose 1% to 55,854.80, after hitting a record high of 55,929.80 early today.
Canara Bank (up 3.13%), Bank of Baroda (up 2.83%), Kotak Mahindra Bank (up 2.30%), HDFC Bank (up 2.03%), State Bank of India (up 1.93%), Punjab National Bank (up 1.52%), Federal Bank (up 1.12%), IDFC First Bank (up 0.81%) and ICICI Bank (up 0.41%) surged.
In a welcome breather for banks, RBI has toned down its earlier proposal on liquidity norms, announcing that retail deposits accessed via internet and mobile banking will attract an additional run-off factor of only 2.5%, instead of the steeper 5% initially suggested in last year's draft guidelines.
The final guidelines, now set to kick in from 1 April 2026, update the ru...