scorecardresearch

Bearish again: Bank stocks take a tumble, SBI drops 7 per cent

With investors concerned that the new loan pricing norms, effective October 1, would hurt banks’ margins, banking stocks fell again on Wednesday. SBI, which has said it would peg its home loan rate to the repo rate, lost 7% as RBI is expected to cut the repo rate on October 4.Also ReadPublic sector banks ready […]

SBI, which has said it would peg its home loan rate to the repo rate, lost 7%
SBI, which has said it would peg its home loan rate to the repo rate, lost 7%
SBI, which has said it would peg its home loan rate to the repo rate, lost 7%
SBI, which has said it would peg its home loan rate to the repo rate, lost 7%

With investors concerned that the new loan pricing norms, effective October 1, would hurt banks’ margins, banking stocks fell again on Wednesday.

SBI, which has said it would peg its home loan rate to the repo rate, lost 7% as RBI is expected to cut the repo rate on October 4.

Get live Share Market updates and latest India News and business news on Financial Express. Download Financial Express App for latest business news.