Banks fall on ex-dividend day

BANKS-FALL-ON-EX-DIVIDEND-DAY:Banks fall on ex-dividend day

 

Reuters Market Eye - Axis bank falls 1.7 percent, Bank of Baroda loses 1.2 percent, and Punjab National Bank declines 2.4 percent after stocks go ex-dividend on Thursday.

Axis Bank had declared a dividend of 16 rupees per share, Bank of Baroda a dividend of 17 rupees per share and Punjab National Bank a 22 rupees dividend for the fiscal year ended in March 2012.