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Banks extend decline; IndusInd, RBL, Bandhan Bank tank over 10% in 1 week

In the past one week, Nifty Bank index has slipped 6 per cent as against 3.3 per cent fall in the Nifty50 index

Canara Bank and Punjab National Bank have up to 30 per cent of their loan book under moratorium
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Canara Bank and Punjab National Bank have up to 30 per cent of their loan book under moratorium

SI Reporter Mumbai
Banking shares continued to be under pressure and were trading lower for the fifth straight day after Financial Crimes Enforcement Network (FinCEN) leaks alleged that almost all Indian banks could be part of the suspicious transactions.

Bandhan Bank, IndusInd Bank and Axis Bank were down around 4 per cent, while RBL Bank, Federal Bank, Punjab National Bank, IDFC First Bank, Bank of Baroda and HDFC Bank skid between 1 per cent and 3 per cent on the National Stock Exchange (NSE) on Tuesday.

At 02:50 pm, Nifty Bank index -- which had hit an intra-day low of 2

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First Published: Sep 22 2020 | 2:43 PM IST

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