One lakh crore erosion in 37 listed banks
Mumbai Ta 06 Mar 2020, Friday
Yash Bank's stock plummeted to around Rs 1 lakh crore in market value in the eight banks listed in India, following a massive sell-off of funds in banking stocks. It is worth mentioning that yesterday, the Reserve Bank of India took control of the bank by superseding the board of Yash Bank.
The Yash Bank incident has led to many investors calling for stocks. State Bank of India's shares also reduced the market value by Rs 1.5 crore, HDFC Bank at Rs 5 crore, ICICI Bank at Rs 5 crore, Axis Bank at Rs 6 crore, Kotak Mahindra Bank at Rs 5 crore. The stock had lost about Rs 1 crore in market value. Yes Bank made its historic new low of Rs 5.5 today and finally fell 5% to Rs. In which, there was a loss of Rs. 1 crore in market value.
Yash Bank lost Rs 5.2 today, RBL Bank lost Rs 1.8, RBL broke down by Rs 1.5, and State Bank of India dropped by Rs 1.7, to Rs. IndusInd Bank down Rs 1.8, Federal Bank down Rs 1.8, ICICI Bank down Rs 1.8, Axis Bank down Rs 5.2 HDFC Bank declined by Rs 1.8, while City Union Bank dropped Rs 5.2 to Rs 5.2 A Mahindra Bank fell by Rs 1.8 to Rs 1.7, Corporation Bank dropped by Rs 1.8 to Rs 2.5, United Bank was down by Rs 1.5, to Rs 1.8, Allahabad Bank to Rs 1.8. Andhra Bank collapses to Rs 1.8, Union Bank of India down Rs 1.8, Canara Bank down Rs 5, Rs 1.5 Of India fell by Rs 1.8, Central Bank of India Rs 1.8, Uco Bank Rs 1.7, J&K Bank Rs 1.8, Maha. Bank declined by Rs 1.8, Syndicate Bank Rs 1.7, IOB Rs 1.7, Indian Bank Rs 1.8, and Bank of Baroda declined by Rs 1.8. Were staying.
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