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Bank shares mixed : ICICI Bank dips 1% ; Share market update

NEW DELHI : Bank share were tranding on mixed note Tuesday morning session

Bank shares mixed : ICICI Bank dips 1% ; Share market update
Bank shares mixed : ICICI Bank dips 1% ; Share market update

The Supreme Court today said RBI's February 12 circular on defaulting companies is illegal. The Supreme Court has struck down the controversial RBI circular that mandated banks to immediately resolve all bad loans above Rs 2000 crore or file for insolvency resolution under the IBC. The circular asked banks to either resolve or file for insolvency taking away their discretion to not to act on bad loans.


Shares of IndusInd BankNSE 1.62 % (up 1.55 per cent), Punjab National BankNSE 0.67 % (up 1.33 per cent), State Bank of India (up 1.24 per cent) and Bank of Baroda (up 1.21 per cent) were the top performers in the index.

IDFC First Bank (down 1.07 per cent), ICICI Bank (down 0.95 per cent), RBL Bank (down 0.88 per cent) and HDFC Bank (down 0.72 per cent) were trading lower. Benchmark NSE Nifty50 index was up 5.95 points at 11,675.10 while the BSE Sensex was up 34.96 points at 38,906 ..

Bank shares mixed : ICICI Bank dips 1% ; Share market update Bank shares mixed : ICICI Bank dips 1% ; Share market update Reviewed by Sawai khatri on April 02, 2019 Rating: 5

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