NEW DELHI: Private sector bank stocks were the biggest losers on Wednesday as the Sensex plunged 1,200 points. Index heavyweight, HDFC Bank is down 6.7 per cent, Kotak Mahindra is down more than 3 per cent, Axis Bank is down 2 per cent, ICICI Bank is down 2 per cent. AU Bank is down 3.5 per cent, RBL Bank is down 3 per cent, Yes Bank is down 3 per cent, RBL Bank is down 3 per cent. BSE Private Banks index is down more than 3 per cent. South Indian Bank is down more than 4 per cent, Union Bank is down 3 per cent. Elara Securities said in a report that HDFC Bank’s Q3 PAT of Rs 163.7 billion was broadly in line with our estimates following higher other income (stake sale in Bandhan…
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Private sector banks lead losses as Sensex plunges 1,200 points
