Nifty Bank Index Closes at Record High Level Today
By Shishta Dutta | Published at: Jun 27, 2025 04:01 PM IST
Mumbai, June 27, 2025 – The Nifty Bank index scaled a new all-time high on Friday, breaching the 57,300 mark for the first time and closing near the day’s peak at 57,435.5, up 228.8 points or 0.4%. The rally in banking stocks is probably due to the cash reserve ratio cuts that RBI is going to implement from September. These cuts will leave more money for banks to lend. This in turn may improve their Return on Capital Employed (ROCE).
Nifty Bank Performance Snapshot (as of 15:12 IST)
| Metric | Value |
|---|---|
| Opening Level | 57,234.70 |
| Day High | 57,463.10 |
| Day Low | 56,993.85 |
| Previous Close | 57,206.70 |
| Last Traded Price | 57,435.50 |
| 52-Week High | 57,463.10 |
| 52-Week Low | 47,702.90 |
| Daily Change | +228.80 |
| % Change (1 Day) | +0.40% |
| Traded Volume | 17.39 crore units |
| Traded Value | ₹10,095.72 crore |
PSU Banks Outperform as Investors Anticipate Lending Boost
Public sector banks (PSBs) saw broad-based gains with the Nifty PSU Bank index up 1.24%, hitting an intraday high of 7,107.50. The gains come ahead of a scheduled meeting between Finance Minister Nirmala Sitharaman and PSU bank CEOs, where the government is expected to urge banks to boost credit flows to productive sectors amid a recent rate cut by the Reserve Bank of India.
According to RBI’s June monetary policy, the repo rate was unexpectedly slashed by 50 basis points to 5.5%, and the cash reserve ratio (CRR) was also reduced to inject liquidity into the banking system.
PSU Bank Movers
| Bank | Price Change (%) |
|---|---|
| Union Bank of India | +2.08% |
| Bank of Maharashtra | +1.84% |
| Punjab & Sind Bank | +1.84% |
| Bank of Baroda | +0.89% |
| State Bank of India | +1.07% |
| Punjab National Bank | +0.88% |
| Canara Bank | +0.77% |
| Central Bank of India | +0.34% |
| UCO Bank | +0.30% |
| Indian Overseas Bank | +0.21% |
The surge follows robust FY25 earnings by PSU banks, which posted a cumulative net profit of ₹1.78 lakh crore, a 26% rise over FY24.
Key Private Bank Gainers
Among private lenders within Nifty Bank:
- IndusInd Bank rose 2.63% to ₹858.1
- ICICI Bank climbed 1.54% to ₹1461.3
- SBI gained 1.07% to ₹805.6
- HDFC Bank, Kotak Bank, and IDFC First Bank were also in green territory.
Selected Private Bank Performance
| Bank | Last Price (₹) | Day Change (%) |
|---|---|---|
| ICICI Bank | 1461.3 | +1.54% |
| HDFC Bank | 2014.7 | +0.75% |
| IndusInd Bank | 858.1 | +2.63% |
| Kotak Mahindra Bank | 2207 | +0.14% |
| IDFC First Bank | 72.4 | +0.7% |
Market Sentiment & Outlook
The rally in banking stocks reflects growing investor confidence in the sector’s growth potential, particularly in the public sector segment. The anticipated policy push from the Finance Ministry could further support credit offtake and improve asset quality amid a more accommodative monetary environment.
With Nifty Bank now hovering just below its new lifetime high of 57,463.10, the index has gained 8.2% over the past year and 3.35% in the last 30 days, signalling strong momentum heading into Q2 FY26.
About Nifty Bank
The Nifty Bank index comprises 12 most liquid and large Indian banking stocks. It is one of the most traded indices in India and acts as a benchmark for the banking sector’s performance.
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