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VERIFIEDET Stocks·positive
PNB, Kotak Mahindra Bank, other bank stocks rise up to 2% after RBI’s rate hike, Nifty Bank above 55,500
AI Summary
- ·PNB, Kotak Mahindra Bank, Union Bank, and Canara Bank saw gains of up to 2%.
- ·The Reserve Bank of India increased the repo rate by 25 basis points to 5.50%.
- ·The Nifty Bank index surpassed 55,500 points following the rate hike.