Banking industry stocks were trading higher on the BSE, as Moody’s Investors Service in its latest report on the banking sector in emerging markets has said the asset quality of Indian banks and those in Southeast Asian countries will be stable in 2023.

It stated Indian banks will benefit from a stable operating environment and significant improvements in their solvency metrics.

Bank of Baroda is currently trading at Rs. 180.40, up by 2.45 points or 1.38% from its previous closing of Rs. 177.95 on the BSE.

HDFC Bank is currently trading at Rs. 1664.05, up by 19.95 points or 1.21% from its previous closing of Rs. 1644.10 on the BSE.

State Bank Of India is currently trading at Rs. 594.55, up by 4.65 points or 0.79% from its previous closing of Rs. 589.90 on the BSE.

Axis Bank is currently trading at Rs. 932.90, up by 4.45 points or 0.48% from its previous closing of Rs. 928.45 on the BSE.

ICICI Bank is currently trading at Rs. 868.30, up by 2.00 points or 0.23% from its previous closing of Rs. 866.30 on the BSE.