On the BSE the stock of SBI fell by 1.70 per cent, BoB depreciated by 3.20 per cent, Canara Bank lost 2.51 per cent and PNB declined by 2.66 per cent.
On NSE SBI dropped by 0.87 per cent, BoB lost ground by 2.70 per cent, Canara Bank slipped 2.12 per cent and PNB fell by 1.81 per cent.
Market analysts are of the view that the Supreme Court (SC) judgement regarding the Securitisation Act which is likely to be announced on Monday might not be in favour of borrowers. Said an analyst: There are reports that the SC has asked the auditor general and the financial institutions to relook at the securitisation act which is supposedly not in favour of borrowers. According to a BSE broker,Relooking the securitisation act means that the non-performing assets of banks may not come down.