Banking shares edge up despite The Reserve Bank (RBI) has imposed penalties worth Rs 71 crore on 36 public, private and foreign banks for non-compliance with various directions on time-bound implementation and strengthening of SWIFT operations.
ICICI Bank is currently trading at Rs. 375.75, up by 5.60 points or 1.51% from its previous closing of Rs. 370.15 on the BSE. The scrip opened at Rs. 370.80 and has touched a high and low of Rs. 376.25 and Rs. 370.15 respectively. So far 145013 shares were traded on the counter.
Yes Bank is currently trading at Rs. 235.00, up by 2.60 points or 1.12 % from its previous closing of Rs. 232.40 on the BSE. The scrip opened at Rs. 233.00 and has touched a high and low of Rs. 236.00 and Rs. 231.70 respectively. So far 558490 shares were traded on the counter.
Syndicate Bank is currently trading at Rs. 38.25, up by 1.25 points or 3.38% from its previous closing of Rs. 37.00 on the BSE. The scrip opened at Rs. 37.20 and has touched a high and low of Rs. 38.50 and Rs. 37.15 respectively. So far 165173 shares were traded on the counter.
The banks include, Bank of Baroda, City Union Bank, HSBC, ICICI Bank, SBI and YES Bank. The penalties, ranging from Rs 1 crore to Rs 4 crore, were imposed by orders dated January 31, 2019, and February 25, 2019.
