Banking stocks witnessed a rise on Wednesday after the Reserve Bank of India (RBI) said the Basel Committee on Banking Supervision (BCBS) has rated the standards adopted by the RBI with regard to risk-based capital requirements as 'Compliant' with the minimum Basel capital standards.

Each of the 14 components of the Basel capital framework included in the assessment has been assessed as compliant, the RBI said.

The LCR requirements have been assessed as 'Largely Compliant' with the minimum Basel liquidity standards, the RBI said. The two components of the LCR framework, viz. the LCR standard and the LCR disclosure requirements, are assessed as 'largely compliant' and 'compliant' with the Basel standard, respectively.

'The RCAP reports bring in transparency about the national adoption and implementation of Basel standards and promote an international level playing field,' the RBI opined.

Among PSU banks, United Bank of India gained the most with a rise of 6.19% followed by Bank of Maharashtra (3.51%), Punjab and Sind Bank (1.68%) and Syndicate Bank (1.26%).

The stocks which registered a modest gain were UCO Bank (0.99%), Dena Bank (0.90%), Corporation Bank (0.79%), Canara Bank (0.45%), Andhra Bank (0.73%), Indian Bank (0.98%), Punjab National Bank (0.79%), Vijaya Bank (0.62%), Allahabad Bank (0.38%), State Bank of India (0.61%), Bank of India (0.09%) and IDBI Bank (0.41%).

Among private sector banks, Federal Bank gained the most with a rise of 3.70%  followed by ICICI Bank (0.25%), Yes Bank (0.20%), Axis Bank (0.22%) and IndusInd Bank ( 0.04%).