Banking stocks took a hit on Monday, with shares of SBI, ICICI Bank, Axis Bank, HDFC Bank, Yes Bank all trading with losses of up to 2% during mid-morning deals. The Bank Nifty index was down 1.38% during mid-day trade, with State Bank of India (down 2.17% at the time of reporting) being the top drag on the index. SBI was followed by\u00a0shares of\u00a0Bank of Baroda (down 2.12%), ICICI Bank (down 1.84%), Axis Bank (down 1.67%), RBL Bank (down 1.66%), HDFC Bank (down 1.63%), IDFC Bank (down 1.56%), Yes Bank (down 1.50%) and\u00a0Punjab National Bank (down 1.09%). The Nifty PSU Bank index,\u00a0too, was trading lower by 1.91% at 3,036.95 points. The Nifty private bank index was down\u00a01.35%. Also read:\u00a0Rupee back at 72 vs US dollar, plunges 82 paise in early trade On\u00a0Monday, the domestic stock market opened in the negative territory tracking lower Asian markets and weakness in the rupee. In mid-morning trade, the benchmark Sensex index fell 472 points to hit an intra-day low of\u00a0 37,618.02 points, while the NSE Nifty slipped below the 11,400-mark to an intra-day low of\u00a011,373.90 points. The rupee depreciated nearly 82 paise to a low of 72.67 against the US dollar in early trade\u00a0on Monday\u00a0amid reports that the US could announce a new round of tariffs on Chinese imports later in the day, said a PTI report.