RBI MPC Outcome: PSU bank stocks slide up to 1.5% after RBI holds rates steady at 5.5%
PSU bank stocks fell up to 1.4% on Wednesday after RBI kept the repo rate unchanged at 5.5% and maintained a neutral stance. The Nifty PSU Bank index slipped 0.78% to 7,468, with Indian Bank, Canara Bank, and PNB among the top decliners. SBI and Bank of Baroda also dipped, despite RBI raising FY26 GDP growth forecast to 6.8%.
PSU bank stocks fell up to 1.4% on Wednesday after RBI kept the repo rate unchanged at 5.5% and maintained a neutral stance. The Nifty PSU Bank index slipped 0.78% to 7,468, with Indian Bank, Canara Bank, and PNB among the top decliners. SBI and Bank of Baroda also dipped, despite RBI raising FY26 GDP growth forecast to 6.8%.
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