Bandhan Bank, RBL Bank see bullish breakout: SEBI RA Dhwani Patel

Shares of Bandhan Bank (BANDHANBNK.NSE) and RBL Bank (RBLBANK.NSE) surged over 5% in Monday's trade, indicating a strong bullish breakout, according to SEBI-registered analyst Dhwani Patel. The Nifty Bank index (NIFTYBANK.NSE) has gained over 1.8% after the Reserve Bank of India cut repo rates by 50 basis points on Friday, June 6, from 6% to 5.50%.