AGR verdict: SBI, IndusInd Bank slip up to 4% as banks stare at NPA pile-up

In general, the exposure of banks to the entire telecom sector ranges between 10% and 30% of their total equity with Yes Bank having the highest exposure of 29% amongst private banks

Banking stocks, including IndusInd Bank, Axis bank, and State Bank of India, tumbled at the bourses after the Supreme Court rejected Bharti Airtel and Vodafone Idea's plea seeking to neogtiate the payment schedule in the AGR case. 

Among individual stocks, IndusInd Bank hit fresh 52-week low, down 4 per cent, to Rs 1181.1 on the NSE. Besides, IDFC First Bank slipped 2.7 per cent, RBL Bank (2.3 per cent), Axis Bank (2 per cent), HDFC Bank (1.9 per cent), Federal Bank (1.4 per cent), and SBI (1.8 per cent). YES Bank, however, were trading 8 per cent higher. As for ICICI