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The RBI decision to keep the repo and CRR rates unchanged despite market expectations of a 25 basis points rate cut jolted the bank counters with Axis Bank and SBI emerging the biggest losers in terms of value today.
While Axis Bank slipped by Rs 24.45 to Rs 1,007.80, SBI was down by Rs 61.30 to Rs 2,121.50.
Bank of Baroda at Rs 684 lost Rs 18.75, PNB slipped to Rs 774.05, down by Rs 18.05, Bank of India shed Rs 9.05 to Rs 340,Canara Bank was trading at Rs 412.50, a loss of Rs 9.30, ICICI Bank lost Rs 19 to Rs 825.90, HDFC Bank shed Rs 12.10 at Rs 535.75,
IndusInd Bank was trading at Rs 313.10, a loss of Rs 5.20 and Kotak Mahindra Bank was down to Rs 574.55, a loss of Rs 6.75.
All the 14 bank stocks of the BSE Bankex were in the red.
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