What's also ailing these stocks and also the banking sector at large, is the dwindling investor confidence created by YES Bank's turmoil
The lender said market rumours around financial health and stability of the bank are totally misplaced, motivated and not based on facts.
BL Bank, for example, is down 47.2 per cent during the period. Its m-cap is down from ~15,700 crore on February 20 to ~8,283 crore at the close of trading on March 16
ICICI Bank, IDFC First Bank and Axis Bank were down in the range of 10% to 11%, while HDFC, Bajaj Finance, SBI, Federal Bank and Power Finance Corporation were down 8% to 9% on the NSE.
The statement comes in the wake of the Yes Bank crisis, following which stock prices of various banks went sharply down.
The bank said that rumors around financial health and stability of the institution especially in social media seem to be "misplaced, motivated and not based on facts"
The bank's capital adequacy ratio is at 16.08 per cent, much higher than the regulatory requirement of 11.5 per cent
Shares of RBL and Bandhan Bank hit new all-time lows, falling below their respective initial public offer (IPO) prices, on the BSE on Monday after a sharp sell-off in the equity markets.
Nifty PSU Bank index tanked over 10-year low after falling 8 per cent in intra-day
The 'Edition Cards' will offer a host of benefits for cardholders every time they use Zomato or spend online and offline
The capital markets regulator has said that for current investigations, "observations" on the draft offer may be kept in abeyance for 30 days from filing of the draft offer
Analysts have slashed their earnings expectation by 12 - 15 per cent for the lender
The bank said its advances rose by 20 per cent to Rs 59,635 crore. The loan mix showed a retail share of 51 per cent while that of wholesale was 49 per cent.
In the banking space, private banking majors are leading from the front and still looking buoyant
RBL, Federal and City Union appear better-placed to handle the potential SME loans-related woes; investors should be cautious on DCB and Karur Vysya
Last week's Rs 2,025 crore fund raising has boost its capital adequacy by 400 basis points, but asset quality remains questionable
In the past four trading days, RBL Bank has underperformed the market by falling 13 per cent on asset quality concerns.
Bank says it concluded the QIP at an issue price of Rs 351 per share pursuant to the allotment of 57.7 million equity shares
On July 9, RBL Bank had informed its shareholders at its annual general meeting that it would raise equity capital not exceeding Rs 3,500 crore
Board agrees to allot 24.24 mn shares at Rs 340.70 apiece; RBL had already told shareholders at AGM that it would raise equity capital up to Rs 3,500 cr