Bank stocks were back in the reckoning with the BSE Bankex recording the maximum gain of about 290 points among sectoral indices in the morning trade today.

SBI surged by Rs 57.25 to trade at Rs 2,277 and Axis Bank was the second biggest gainer in terms of value, up by Rs 53.65 at Rs 1,204.50. ICICI Bank was up by Rs 29.20 at Rs 913.55 and PNB gained Rs 21.40 to trade at Rs 970.

All the 14 Bankex stocks were trading in the green.