RBI opens Rs 1.5 lakh crore liquidity floodgates. Which bank stocks to buy?
The Reserve Bank of India (RBI) infused Rs 1.5 lakh crore into the banking system, increasing the likelihood of a rate cut on February 7. This move sparked a rally in bank and NBFC stocks, with HDFC Bank, AU Small Finance Bank, and IDFC First Bank rising 3%. Cholamandalam Investment and Bajaj Finance also saw gains, fueled by RBI's liquidity measures.