Banking shares trade positive despite data security breach issue
A PTI report said,"All the bankers were quick to claim that the breach has not led to any monetary losses to anyone and all the measures being taken are to safeguard the system against any potential threat."
Majority of banking stocks have shrugged off the debit card breach, for now.
Nifty Bank was up 184.85 points or 0.95%, trading at 19,596.95 at 12.58 pm.
ICICI Bank was top gainer, at Rs 275.05 per share, up by Rs 10 or 3.77%.
On NSE, State Bank of India was trading at Rs 259.55 per share, rising 1.62%.
Shares of Axis Bank were at Rs 537.30 per share, up 0.33%, while that of Yes Bank stood at Rs 1,314.50 per share, higher by Rs 23 or 1.78% on NSE.
However, shares of HDFC Bank were down by 0.48% on NSE, trading at Rs 1252.35 per share.
A PTI report said,"All the bankers were quick to claim that the breach has not led to any monetary losses to anyone and all the measures being taken are to safeguard the system against any potential threat."
Of the cards, 2.6 million are said to be on the Visa and Master-Card platform and 600,000 on the RuPay platform, reported in Economic Times.
Reports claim that affected banks are State Bank of India, ICICI Bank, Yes Bank, Axis Bank and HDFC Bank.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How soon will monthly SIP of Rs 6,000, Rs 8,000, and Rs 10,000 reach Rs 5 crore corpus target?
SBI Guaranteed Return Scheme: Know how much maturity amount you will get on Rs 2 lakh, 2.5 lakh, 3 lakh, 3.5 lakh and Rs 4 lakh investments under Amrit Vrishti FD scheme
SBI Senior Citizen FD Rate: Here's what State Bank of India giving on 1-year, 3-year, 5-year fixed deposits currently
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
01:10 PM IST