NEW DELHI: Bank stocks on Monday were in the limelight, rising up to 15 per cent following a host of announcements in the Budget for the secor such as the proposed setting up of an asset reconstruction company and an asset management company (AMC) to clean up non-performing assets.
Shares of Indusind Bank zoomed 14.75 per cent, ICICI Bank gained 12.47 per cent, State Bank of India jumped 10.30 per cent, Axis Bank 7.05 per cent, Federal Bank 6.63 per cent, HDFC Bank 6.21 per cent, Kotak Mahindra Bank 5.13 per cent, Bandhan Bank 4.48 per cent on the BSE.
Among others, Bank of Baroda rallied 8.60 per cent, Bank of India 7.44 per cent and Punjab National Bank 6.89 per cent.