Shares of HDFC on Thursday surged 3.6 per cent to a life-time high on the Bombay Stock Exchange, riding high amid a rally in the banking sector stocks. HDFC on Thursday soared to a 52-week high of Rs 2,131 on the BSE and settled at Rs 2,111.05, up 2.82 per cent at the end of trade. Besides, shares of ICICI Bank also ended up 0.63 per cent at Rs 920.55 and SBI settled up 2.35 per cent at Rs 1631.85.

    The Banking stock index Bankex closed with 1.15 per cent up at 8110.85 points on Thursday. Meanwhile, brokerage SSKI said in a research note that HDFC would not be impacted by RBI’s discussion paper about holding companies in banking group. Recently, RBI had mooted a proposal to set up financial holding companies or banking holding companies for Indian banks “as the banks would be better protected from possible adverse effects from the activities of their non-banking financial subsidiaries.”