Banking Stocks Surge: How New RBI Deposit Measures Drove a 544-Point Bank Nifty Gain

The Bank Nifty index rose by 544.15 points, or 1.01%, to reach 54,607.90 on Tuesday, June 9, 2026. This rally was fueled by the Reserve Bank of India’s new measures to mobilize cheaper overseas deposits, boosting investor confidence across the financial sector. With 13 out of 14 index constituents closing in the green, market sentiment remains strongly bullish.