Most banking stocks witnessed a gain on Friday after the Reserve Bank of India (RBI) extended the deadline for banks to implement Basel III capital planning rules by a year to Mar. 31, 2019 instead of as on Mar. 31, 2018, due to concerns from the industry on potential stress to asset quality, the central bank said on Thursday.
Of late, industry-wide concerns have been expressed about the potential stresses on the asset quality and consequential impact on the performance and profitability of the banks, RBI said.
BSE Bankex went up 0.55% on Friday, which was led by Union Bank of India, State Bank of Mysore and Oriental Bank of Commerce.
Scrip Name | LTP | % change |
Union Bank of India | 130.1 | 6.68 |
State Bank of Mysore | 413 | 5.16 |
Oriental Bank of Commerce | 212.8 | 4.8 |
Allahabad Bank | 89.1 | 3.97 |
Canara Bank | 261.15 | 3.92 |
Lakshmi Vilas Bank | 68.7 | 3.78 |
Central Bank | 48 | 3.67 |
Punjab National Bank | 729.1 | 3.46 |
Syndicate Bank | 94.3 | 3.4 |
Uco Bank | 72.75 | 3.26 |
Corporation Bank | 268 | 3.22 |
Punjab & Sind Bank | 43.8 | 3.18 |
Bank of India | 218.4 | 3.09 |
United Bank of India | 28.75 | 3.05 |
Vijaya Bank | 38.6 | 2.8 |
Indian Bank | 112.1 | 2.8 |
State Bank of India | 1886.9 | 2.57 |
Indusind Bank | 503.2 | 2.56 |
Bank of Baroda | 710.9 | 2.36 |
Andhra Bank | 61.7 | 2.32 |
Indian Overseas Bank | 51.4 | 2.29 |
Dena Bank | 59.35 | 2.15 |
Bank of Maharashtra | 36.4 | 2.1 |
Development Credit Bank | 60.15 | 2.04 |
Federal Bank | 95.6 | 1.92 |