The Nifty Private Bank index dropped ~1% to 15,361 in the last hour of trading session.
Shares of Federal Bank fell
over 4.8% and was the top loser in the index. IndusInd Bank
dropped 2%, and ICICI Bank
, Axis Bank
, and South Indian Bank were down 1%.
On the flip side, Yes Bank extended gains and was up by 6% followed by IDFC Bank
, and RBL Bank
Equity indices traded under pressure as BSE Sensex
slipped 164 points to 35,846, and Nifty50
was down 56 points at 10,733.
Shares of Yes Bank
gained 6% on Monday after the bank appointed Brahm Dutt
as its non-executive part-time Chairman of the board.
Shares of Federal Bank fell 5% after Ganesh Sankaran, Executive Director
, announced that he will step down with effect from February 15, 2019.