The index has fallen 19.16% in three session from its recent closing high of 25,166.45 on 13 March 2020. It is down 37.62% from its 52-week high of 32,613.10 hit on 30 December 2019.
Among private sector banks, Federal Bank (down 11.52%), Axis Bank (down 10.24%), Kotak Mahindra Bank (down 9.64%), HDFC Bank (down 6.59%), City Union Bank (down 5.8%), RBL Bank (down 4.27%) and ICICI Bank (down 3.46%), slumped.
IndusInd Bank crashed 27.12% to Rs 440.40. The stock tanked 76% from its 52-week high of Rs 1,835 on 28 March 2019.
Yes Bank surged 3.58% to Rs 60.75. It has soared 994.59% from its record low of Rs 5.55 hit on 6 March 2020.
Yes Bank is set to resume full banking operations starting 6 pm today, paving way for its troubled depositors to make withdrawals without any restrictions. Earlier on 5 March, the Reserve Bank of India (RBI) placed Yes Bank under a moratorium, restricting withdrawals to Rs 50,000 per depositor. It had also superseded the board and placed it under an administrator, Prashant Kumar, former deputy managing director and CFO of State Bank of India (SBI). Later, several private and public sector financial institutions came together to infuse capital into Yes Bank to help it stabilise as part of the RBI-backed rescue plan.
Among public sector banks, State Bank of India (down 6%), IDBI Bank (down 5.53%), Bank of India (down 5.01%), Bank of Baroda (down 3.78%), Punjab National Bank (down 3.53%), Union Bank of India (down 3.18%) and UCO Bank (down 1.67%) slumped.
