The Nifty Bank rose 1% on Thursday to reclaim the 48,000 mark, tracking positive global cues. The index rose 436 points to close at 48,060 while the Nifty 50 closed with gains of 80 points to hit a fresh record closing high of 22,515. It hit a record high of 22,619.HDFC Bank rallied over 3% after the private sector lender reported a 55.4% year-on-year (YoY) growth in its gross advances to Rs 25.08 lakh crore for the quarter ended March 31.Also Read: HDFC Bank Q4 Update: Gross advances jump 55% YoY to Rs 25.08 lakh crore; deposits rise 26%Other gainers include Bandhan Bank which was also up over 3% followed by AU Small Finance Bank, IDFC First Bank, Kotak Bank, and ICICI Bank. Some profit…
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