HDFC Bank rallied over 5.3% on today trade.
ICICI Bank rallied over 3.8%.
Axis Bank rallied over 5%.
S&P BSE Bank index rallied over 3.7%.
Going ahead Private banks whoever providing best customer service can get part of India Government business where they were not allowed earlier.
ICICI Bank business will improve going ahead because it will be always one step ahead in providing best customer service.
India Private Bank stocks rallied as Indian Government now allow Private Banks to take part in Government transactions and Business where previously restrictions are there.
Very good decision by Central Government.
Even it will help customers because going ahead even PSU sector banks should provide better services to customers otherwise PSU Banks business will be in trouble.
Really India Government decision help India Banking Sector to improve one step upside.