Oct 30, 2012, 12.20 PM IST

RBI's restructured loan provisioning norm hit bank shares

Lenders, especially state-owned ones, dropped after the RBI increased the amount of provisioning against restructured loans to 2.75 percent from 2 percent, effective immediately, as part of its monetary policy review.

Source: Reuters
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RBI's restructured loan provisioning norm hit bank shares
Lenders, especially state-owned ones, dropped after the RBI increased the amount of provisioning against restructured loans to 2.75 percent from 2 percent, effective immediately, as part of its monetary policy review.


At 12:05 hrs State Bank of India was quoting at Rs 2,107.90, down Rs 62.45, or 2.88%. It has touched an intraday high of Rs 2,199.80 and an intraday low of Rs 2,098. It was trading with volumes of 627,853 shares, compared to its five day average of 366,426 shares, an increase of 71.35%.


At 12:06 hrs ICICI Bank was quoting at Rs 1,036.65, down Rs 31.90, or 2.99%. It has touched an intraday high of Rs 1,086.65 and an intraday low of Rs 1,033.20. It was trading with volumes of 299,867 shares, compared to its five day average of 421,208 shares, a decrease of -28.81%.


At 12:06 hrs Axis Bank was quoting at Rs 1,179.75, down Rs 42.55, or 3.48%. It has touched an intraday high of Rs 1,239.00 and an intraday low of Rs 1,173. It was trading with volumes of 239,573 shares, compared to its five day average of 207,724 shares, an increase of 15.33%.


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