NEW DELHI: The Nifty Private Bank index was trading with a small gain of 0.12 per cent at 14,989 around 10:40 am on Monday owing to gains in shares of ICICI Bank (up 2.44 per cent), YES Bank (up 0.57 per cent) and IndusInd Bank (up 0.54 per cent).According to a report by ET, ICICI Prudential Life chief Sandeep Bakhshi may be named ICICI Bank interim CEO.
The rearrangement is being contemplated by the board as BN Srikrishna, a retired Supreme Court judge, investigates the role of Kochhar, who is likely to be on leave until the investigation is complete, the report added.
On the other hand, Kotak Mahindra Bank (down 1.56 per cent), RBL Bank (down 1.09 per cent), South Indian Bank (down 0.83 per cent), Axis Bank (down 0.70 per cent), Federal Bank (down 0.36 per cent), HDFC Bank (down 0.29 per cent) and IDFC Bank (down 0.12 per cent) were incurring losses around that time.
Sensex and Nifty were listless amid weak global cues on rising concerns of a global trade war.Benchmark NSE Nifty50 index was down 7 points at 10,811, while the BSE Sensex was 23 points down at 35,599.
Among the 50 stocks in the Nifty index, 23 were trading in the green, while 27 were in the red.HPCL, Indian Oil Corporation and BPCL were leading the pack of Nifty gainers.Vedanta, Hindalco and Tata Steel were the top losers in the Nifty index.