IOB, OBC, Syndicate Bank fall on Moody's downgrades

Reuters Market Eye - Shares in Indian Overseas Bank Ltd (IOB), Syndicate Bank Ltd and Oriental Bank of Commerce Ltd (OBC) fall after Moody's Investors Service on Monday downgraded its standalone bank financial strength ratings (BFSR) for the three public sector banks.

IOB shares fall 2.1 percent, Syndicate Bank drops 3.1 percent, while OBC is down 2.2 percent.

(Reporting by Abhishek Vishnoi)