Aug 03, 2012, 03.01 PM IST

State-run banks hit bad by farm loan concerns

Shares in state-run banks fall on concerns a looming drought would increase defaults of farm loans, leading to higher provisioning in coming quarters.

Source: Reuters
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State-run banks hit bad by farm loan concerns
Shares in state-run banks fall on concerns a looming drought would increase defaults of farm loans, leading to higher provisioning in coming quarters.


Top-ranked State Bank of India falls 1%, while Oriental Bank of Commerce drops 2.2% and Allahabad Bank Mahindra & Mahindra Finance and Sundaram Finance , who provide loans to purchase agri equipments, vehicles will also see pressure on their asset quality," adds Ostwal.


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