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

Elvera Bartels

Banking stocks, including IndusInd Bank, Axis lender, and Condition Bank of India, tumbled at the bourses following the Supreme Court docket rejected Bharti Airtel and Vodafone Idea’s plea seeking to neogtiate the payment schedule in the AGR circumstance.

Among the individual stocks, IndusInd Bank hit contemporary fifty two-7 days lower, down four per cent, to Rs 1181.1 on the NSE. Moreover, IDFC Initially Bank slipped two.7 per cent, RBL Bank (two.3 per cent), Axis Bank (two per cent), HDFC Bank (1.9 per cent), Federal Bank (1.four per cent), and SBI (1.eight per cent). Of course Bank, on the other hand, ended up trading eight per cent bigger. As for ICICI Bank, the inventory slipped up to .eight per cent, ahead of paring losses to trade .eight per cent bigger.

At eleven:forty one am, the Nifty lender index was trading .seventy two per cent reduced, as in opposition to a .fifteen

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