Saturday, April 4, 2020

BANKING STOCKS DROP AFTER MOODY'S



All Banking stocks slip up to 15 % after Moody's Investors Service changed the outlook for Indian banking system to negative from stable. Disruptions to economic activity from the coronavirus outbreak will exacerbate a slowdown in India's economic growth.In all banking Stocks  RBL Bank was tumbled 15% while other Kotak Mahindra Bank tanked 7.77 % , IndusInd Bank fell 7.33 %, ICICI Bank 6.56 %, SBI 4.34 %,City Union Bank slumped 4.21%, Axis Bank dipped 3.86 % & Federal Bank 3.26 %Bandhan Bank down 5.08 %,Bank of Baroda down 4.0 %, PNB down 3.12 %, IDFCBANK down 3% & HDFC Bank down 0.01% .




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