The Bank Nifty reclaimed the 55,000 mark on October 1 after the Reserve Bank of India (RBI) kept the repo rate unchanged at 5.5% for the second consecutive meeting and proposed a series of reforms to boost bank lending. The rally was driven by Kotak Mahindra Bank, ICICI Bank, and HDFC Bank, which gained up to 3% intraday.

At 12:05 PM, the Bank Nifty was trading 700 points (1.3%) higher at 55,350. While the Nifty Private Bank index advanced 1.75%, the Nifty PSU Bank index saw profit-booking and slipped 1.1%.

Announcing the fourth bi-monthly monetary policy of FY26, RBI Governor Sanjay Malhotra said the Monetary Policy Committee (MPC) unanimously decided to keep the repo rate unchanged at 5.5% with a neutral stance.

Key Policy Proposals

The RBI proposed an expanded scope for capital mark

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