At around 2.10 PM, Bank Nifty was trading at 35,245.70 up by 295.10 points or 0.84%. The index has touched an intraday high of 35,317.40 and a low of 34,917.90 respectively.
Axis Bank was the top gainer soaring by 1.7%, while RBL Bank followed with a 1.6% upside. Bandhan Bank and Federal Bank jumped by 1.3% and 1.2% respectively.
Heavyweights ICICI Bank and IndusInd Bank also climbed more than 1% each. HDFC Bank jumped 0.9%.
HDFC Bank will consider dividend in a meeting scheduled on June 18.
IDFC First Bank and Kotak Bank was marginally up, SBI traded flat, while PNB was the top underperformer plunging by 1.2% and AU Small Finance Bank slipped marginally.