SBI, PNB, Bank of Baroda, Canara Bank, Dena Bank, Central Bank of India ended down 3%-12% each.
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
BSE Bankex and Telecom indices led the fall.
At 12:25 PM, the barometer index, the S&P BSE Sensex was down 358 points or 1.3% at 26,368.
State Bank of India's push among fellow bankers to appoint an external agency to run debt-heavy Bhushan Steel might not be smooth sailing.
Vaihayasi Pande Daniel reports from the Sheena Bora murder trial.
Insolvency professionals feel the bankruptcy code will deter defaulters, but NPAs will not cease unless banks are sensitised on credit appraisal and experts are hired by banks to inspect what is happening with their loans.
The government's step to curtail fiscal deficit is helping the central bank's monetary policy, Rajan said.
FM says government policies aim to contain inflation, spur growth.
Stung by the crisis arising out of the Syndicate Bank bribery case, lenders have gone into a fire-fighting mode to avoid fresh bad loans from their exposure to Bhushan Steel, one of the most indebted steel companies in the country.
'Quite the raconteur, much to the dismay of Courtroom 51's CBI Special Judge Jayendra Chandrasen Jagdale, Christopher 'Doglis' Marquis, a Bandra dog-breeder who was Prosecution Witness No 57 and a panch or witness, seemed to move into the witness box with glee, embellishing every answer that he gave to the lawyers' questions with a variety of additional details.' Vaihayasi Pande Daniel reports from the Sheena Bora murder trial.
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
Firm terms lenders' move to appoint monitoring agency 'unwarranted'.
Sensex lost 76 points to end at 25,589 while Nifty shed 23 points to end at 7,649.
To boost fund raising from markets, Sebi on Thursday proposed e-IPO norms where investors can bid for shares through Internet and eventually on mobiles, while already listed PSUs will be provided a 'fast-track' route for share sales to meet the disinvestment targets.
Tata Steel, SBI, L&T and Sun Pharma advanced 2-5% each.
The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
GIFT is a financial centre almost entirely devoid of bankers and, indeed, of people.
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With new private banks in the play, the going could become more difficult for the old-school state-run banks, already losing business and market position, forcing them to think hard towards consolidating and forming larger entities to garner big-ticket deals.
Sensex eneded 374 points higher on rate cut expectation from the RBI.
The BJP had not filed till May the expenses statement for the Karnataka Assembly elections held last year in July.
Peter told Judge Jagdale that there was only jewellery in the locker -- some of it that he had "gifted to my wife" and some that "she had received" at the time of their marriage, that the CBI had already inspected the locker in his presence and were aware of what was there.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
The 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356.
Talented students in small towns often don't get into national-level colleges simply because they don't get proper training to write entrance exams. Ignus is working to change that.
Villagers attribute Adarsh Nangla's 'fall' to a combination of government apathy and decline of the collective spirit
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
The market could be influenced by events elsewhere in the world and regardless of what happens to India's economy
Are we adopting an idea whose time has come and gone? My feeling is, yes, says ex-banker C Joseph Chacko in the fourth article of the series on inflation targeting.
This is the story of two youngsters from Bengaluru, who converted adversity to their advantage.
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