State Bank of India is currently trading at Rs. 285.30, down by 3.20 points or 1.11% from its previous closing of Rs. 288.50 on the BSE. The scrip opened at Rs. 287.00 and has touched a high and low of Rs. 287.00 and Rs. 284.40 respectively. So far 538035 shares were traded on the counter.
Bank of Baroda is currently trading at Rs. 167.45, down by 6.20 points or 3.57% from its previous closing of Rs. 173.65 on the BSE. The scrip opened at Rs. 173.00 and has touched a high and low of Rs. 173.50 and Rs. 167.35 respectively. So far 3043505 shares were traded on the counter.
Bank of India is currently trading at Rs. 138.00, down by 5.30 points or 3.70% from its previous closing of Rs. 143.30 on the BSE. The scrip opened at Rs. 142.75 and has touched a high and low of Rs. 143.05 and Rs. 137.75 respectively. So far 564628 shares were traded on the counter.
Union Bank of India is currently trading at Rs. 150.80, down by 7.60 points or 4.80% from its previous closing of Rs. 158.40 on the BSE. The scrip opened at Rs. 158.00 and has touched a high and low of Rs. 158.00 and Rs. 150.35 respectively. So far 422194 shares were traded on the counter.
Banking stocks came under selling pressure after Maharashtra government on Sunday decided to waive off farms loans of small and marginal farmers. The move is expected to benefit 1.07 crore farmers in the state, who have land holdings of less than five acres. The loan waiver of around Rs 30,000 crore will affect the state fiscal and ‘impact the credit discipline’ among borrowers.
