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."

Nifty Bank was up 184.85 points or 0.95%, trading at 19,596.95 at 12.58 pm. Photo: IANS

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%.

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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.

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Banking & Financial Services banking shares Market State Bank of India (SBI)Yes Bank HDFC Bank ICICI Bank Axis Bank Nifty Bank Index Debit Cards breach