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Banks shine ahead of RBI meet

, March 14, 2012, 0 Comments

Day before RBI’s mid-term policy review banks have showcased a stellar performance in todays trading session. Top Nifty gainers includes banks such as Punjab National Bank [stockquote]PNB[/stockquote] up more than 5%, Private sector banks also traded with positive gains. Banks such as Axis Bank [stockquote]AXISBANK[/stockquote]and ICICI Bank [stockquote]ICICIBANK[/stockquote]gained more than 2%. RBI has reduced CRR by 75 bps last friday and bankers and market participant would like to read the speech and road map for lending rate reduction by RBI governor on Thursday.

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