Yes Bank has been declining over the last few months. One of the best performers in the market in the recent years, Yes Bank was favorite stock of many fund managers.
While Banking Sector in India has underperformed over last few quarters, DCB Bank has witnessed strength and investor support at lower levels.
Axis Bank has been trading low for last few quarters as the bank was having higher NPA levels and exposure to stressed assets.
RBI announced monetary policy yesterday with 25 basis points repo-rate cut. The markets were expecting small rate cut but the downward revision of GDP by RBI led to decline in stock markets.
RBI Panel reduced repo rate by 25 basis points. The decision will be positive for the economy and if banks pass on the benefits, their loan book can grow.
RBI panel announced 25 basis points rate cut but Indian stock markets were expecting a small rate cut. The rate cut hasn't led to any major market movement.
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