Banking stocks gain as RBI says India’s banking sector is resilient and stable

Stocks related to the banking sector were trading higher, as the Reserve Bank of India (RBI) has said India’s banking sector is resilient and stable, and the central bank maintains constant vigil on the lenders amid concerns over banks’ exposure to the embattled Adani Group.

Bank of Baroda is currently trading at Rs. 168.20, up by 4.55 points or 2.78% from its previous closing of Rs. 163.65 on the BSE.

State Bank of India is currently trading at Rs. 545.80, up by 1.35 points or 0.25% from its previous closing of Rs. 544.45 on the BSE.

Axis Bank is currently trading at Rs. 882.95, up by 0.20 points or 0.02% from its previous closing of Rs. 882.75 on the BSE.

Bhupendra Singh Chundawat

Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.