Phishing is one of the most cyber frauds in India so leading banks like State Bank of India, ICICI Bank and HDFC Bank now prominently display advisories on their websites to alert customers.

In morning session on Sensex, the laggards that dragged the key indices down were Bharti Airtel, Coal India, NTPC, Kotak Bank, HUL, Bajaj Finance, RIL, PowerGrid, HDFC Bank, Infosys, HCL Tech, Asian Paint, ONGC, TCS, SBI, M&M, HDFC, Tata Steel and IndusInd Bank, falling up to 2.48 per cent

They used to be called sneaky or hidden fees. But while all banks clearly list fees for sundry services like SMS alerts, ATM transactions and reward points redemption in their respective charges schedules, they are easy to miss.

The benchmark BSE index opened higher at 36,279.63 and advanced to hit a high of 36,375.80 on the back of positive macroeconomic data as retail inflation fell to a 19-month low on continued decline in food prices and positive cues from other Asian markets.

The 30-share barometer was trading higher by 169.36 points, or 0.47 per cent, at 36,322.97. The gauge had lost over 720 points in the previous four days.

A penalty of Rs 1.5 crore has been imposed each on Allahabad Bank, Bank of Maharashtra and Indian Overseas Bank.

Tepid earnings by some more companies and foreign fund outflows also dampened trading sentiments, brokers said. After opening on a positive note, the BSE Sensex advanced to hit an intraday high of 36,465.40 points in opening trade, driven by a firming trend at other Asian markets.

Only ITC and HDFC from the top-10 list suffered losses in their market capitalisation

The 30-share index cracked 424.61 points, or 1.15 per cent, to finish at 36,546.48, while the broader NSE Nifty slumped 125.80 points, or 1.14 per cent to 10,943.60. Sudden selling in metal and auto counters led to a sharp drop at the fag end of the session, traders said.

Of 30 Sensex stocks, 27 were trading in the red. Tata Motors (18.10%), Vedanta Ltd (3.67%) and L&T (2.44%) were the top Sensex losers.

Rate-sensitive stocks swung between gains and losses after the rate-cut announcement, with BSE realty index slipping 0.02 per cent, Bankex gaining 0.04 per cent and auto index soaring 1.77 per cent.

Experts see another rate cut in the calendar year 2019 as the RBI governor Shaktikanta Das clearly stated to focus on the economic growth with the headline inflation projected to remain soft in the near-term.