India's bank stocks up on earnings optimism, partial rollback of rupee curbs

ICICI Bank

21/04/2026 06:52

** India's bank stocks .NSEBANK rise 1.3% to six-week high of 57,292.35 points

** All 14 index constituents in the green

** Private banks .NIFPVTBNK and state-owned lenders .NIFTYPSU gain 1.2% and 1.1%, respectively

** India's central bank partially rolls back restrictions on rupee derivative trades that were put in place earlier this month to arrest the currency's slide

** ICICI Securities says this will provide operational relief to banks by restoring flexibility in hedging and treasury management, particularly for managing client exposures and offshore derivative positions

** ICICI Bank ICBK.NS surges about 2%, extending Monday's 0.7% rise, on earnings optimism

** HDFC Bank HDBK.NS, India's largest private lender, rises 1.3%; stock fell 0.6% on Monday after Q4 results on soft net interest margins

(Reporting by Vivek Kumar M)

((VivekKumar.M@thomsonreuters.com;))