Banking segment stocks recovered from early losses on the Bombay Stock Exchange on Tuesday as the Reserve Bank of India kept lending and borrowing interest rates unchanged in its credit policy review.
    The banking index, which commenced the day lower by 130.10 points rebounded to end with a gain 93.54 points at 8,148.68 points lending support to the benchmark Sensex, which closed higher by 290.08 points at 15,550.99. The Reserve Bank on Tuesday hiked the Cash Reserve Ratio (CRR) by 0.5 per cent to 7 per cent to suck out excess liquidity, but left other benchmark interest rates unchanged.
The rally in banking sector was led by largest state-run lenders like State Bank of India and Punjab National Bank.
SBI gained Rs 45.50 at Rs 1,624.50, while PNB was up by Rs 9.80 at Rs 514.75. Private lender ICICI Bank rose by Rs 3.50 to Rs 927.05 and HDFC Bank by Rs 38.85 to Rs 1,198.65 and Yes Bank by Rs 6.30 at Rs 189.65.