New Delhi, Oct. 1 -- The Bank Nifty rose by more than 1% during Wednesday's trading session, as the Reserve Bank of India unveiled a series of initiatives designed to enhance credit availability to the real economy, while maintaining the key repo rate at 5.5%. The leading gainers in the Bank Nifty included Kotak Mahindra Bank, AXIS Bank, ICICI Bank, and HDFC Bank, all of which saw rises between 1% and 3%.

RBI Governor Sanjay Malhotra highlighted five important measures aimed at enhancing lending and lowering financing costs which included corporate acquisitions where an enabling framework will be established for banks to finance acquisitions by Indian firms, creating more lending opportunities and facilitating expansion and consolidation...