Banking stocks rallied on Friday after the Reserve Bank of India (RBI) has issued new guidelines for licensing of payments banks and small finance banks in the private sector.
The Bankex index jumped by 581.31 points or by 2.82% to 21,202. The major gainers were Bank Of Baroda(5.51%), Canara Bank (4.78%), Bank Of India (4.58%), Federal Bank (2.3%) and H D F C Bank (1.43%).
Banking stocks pushed the Sensex higher by 314.48 points or 1.11% at 28,753.39. ICICI Bank contributed rise of 56.02 points in the Sensex. It was followed by State Bank Of India (46.85 points), Housing Development Finance Corporation (37.27 points) and H D F C Bank (32.44 points).
RBI issues guidelines on small finance banks and payments banks licensing
| Symbol | LTP | Chg | % Chg |
| BANK NIFTY | 18,509.25 | 486.75 | 2.7 |
| BANKBARODA | 1,071.00 | 55.75 | 5.49 |
| CANBK | 400.95 | 18.1 | 4.73 |
| BANKINDIA | 286.05 | 12.25 | 4.47 |
| PNB | 1,042.25 | 43.95 | 4.4 |
| SBIN | 318.45 | 12.6 | 4.12 |
| INDUSINDBK | 749.65 | 29.05 | 4.03 |
| YESBANK | 714.15 | 20.9 | 3.01 |
| AXISBANK | 483 | 13.6 | 2.9 |
| KOTAKBANK | 1,186.00 | 28.4 | 2.45 |
| ICICIBANK | 1,763.25 | 40.05 | 2.32 |
| FEDERALBNK | 150.7 | 2.8 | 1.89 |
| HDFCBANK | 962.5 | 14.35 | 1.51 |
