Existing bank deposits will continue with past rates until renewed on maturity.
Daily turnover down by a third in December compared to previous months.
Telecom companies (Airtel, Vodafone, ABNL-via Idea Cellular), which enjoy larger reach, appear to be better placed among the key companies bagging payments bank licences.
Despite high exposure of public sector banks to power, iron and steel sectors, analysts remain in a wait-and-watch mode.
Analysts say there is still no visibility of earnings improvement.
Metal stocks fell on Tuesday, with the S&P BSE metal index sliding 2.8 per cent compared to the 0.64 per cent fall in the benchmark S&P BSE Sensex
The local markets are expected to react to global triggers until the government announces the Union Budget.
Loan defaults and restructuring to limit profits.
The 30-share Sensex ended down 261 points at 27,177 and the 50-share Nifty ended down 91 points at 8,214.
Recent rates cuts by most banks may not have a significant impact on margins, say analysts.
Analysts say loan growth, Casa ratio and exposure to sectors under pressure did not indicate any stress at United Bank.
Analysts were expecting the government to propose higher capital infusion for banks.
2013 foreign currency non-resident deposits to mature in Sep-Nov
SBI remains a favourite of most brokerages in the PSB segment.
ICICI Bank, HDFC Bank and Axis Bank reported healthy loan growth and asset quality.
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!