The Nifty Bank index rose over 400 points on Monday as gains in HDFC Bank, IndusInd Bank and ICICI Bank outweighed a sharp decline in Kotak Mahindra Bank. Investors reacted to first-quarter business updates, with HDFC Bank emerging as the top gainer after reporting healthy growth in advances and deposits.

Kotak Mahindra Bank's net advances surged over 15% year-on-year to Rs 5.12 lakh crore in Q1 FY27, with deposits growing nearly 12% to Rs 5.73 lakh crore. The bank also recently…

HDFC Bank shares rose 2% after the lender reported healthy business growth for the April-June quarter of FY27. Gross advances increased 15.4% year-on-year to Rs 30.61 lakh crore,…