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PSU Bank index hits over 10-yr low; Canara Bank tanks 38% thus far in 2020

Thus far in the calendar year, 2020 the Nifty PSU Bank index has tanked 27 per cent, as compared to an 8 per cent fall in the benchmark index.

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Buzzing stocks | PSU Bank index | Markets

SI Reporter  |  Mumbai 



PSU Bank index hits over 10-yr low; Canara Bank tanks 38% thus far in 2020
The fall comes amid weakening economic trends, which can lead to subdued credit growth and elevate stress formation in the immediate term

Shares of public sector banks (PSBs) reeled under pressure with Nifty hitting an over 10-year low on the National Stock Exchange (NSE) on Wednesday on growth concerns.

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First Published: Wed, March 04 2020. 14:52 IST

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