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Bank stocks today, Bank Nifty Index, RBI MPC Policy Decision updates: Nifty Bank settled over 800 pts higher as market rebounded sharply following RBI MPC policy decision on Friday.  The top movers of Nifty Bank stocks include: IDFC First Bank (+7.04%), AU Small Finance (+3.94%), Axis Bank (+3%), IndusInd Bank (+2.59%) and Bank of Baroda (+1.66%). Meanwhile, Canara Bank stock slipped to trade in negative territory.  Banking, NBFCs and other financial stocks soared counting on positives such CRR cut will lead to an immediate injection of liquidity and reduce funding costs and credit demand to rebound. The RBI’s decision to slash the benchmark rate by a “bold” 50 basis points will lead to lower interest rates and improved credit access for borrowers, India Inc said on Friday, asserting that the move will support economic growth amid global headwinds.

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