Bank Nifty falls 1% as all constituents trade in red; Kotak, ICICI Bank down up to 1.5%

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26 Aug, 2025 12:21

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The Bank Nifty dropped over 1 percent to stand at 48,830 on February 21. All the 12 bank stocks on the index were trading in the red as the benchmarks declined 0.6 percent.

The shares of Kotak Mahindra Bank were the top loser on the index, falling nearly 2 percent to trade at Rs 1,936 per share. Notably, this comes a day after the company announced major changes to its leadership. Kotak Mahindra Bank on February 20 appointed Vyomesh Kapasi as Head of Products - Consumer Bank and Shahrukh Todiwala as the new MD & CEO of Kotak Mahindra Prime Limited.

Kotak Mahindra Bank was followed by ICICI Bank in the list of top losers on Bank Nifty. The shares of ICICI Bank fell nearly 1.8 percent to trade at Rs 1,228 per share.

AU Small Finance Bank, Punjab National Bank, Bank of Baroda and Federal Bank followed, seeing a drop of over 1 percent in their respective share prices.

Shares of State Bank of India (SBI), Axis Bank, IDFC First Bank and Canara Bank were trading in the red with marginal losses. Heavyweight HDFC Bank also saw marginal losses of 0.36 percent to trade at Rs 1,681 per share. Notably, the stock has extended its losses, after falling over 2 percent the previous day, dragging down benchmark indices.

The markets are still reeling under the effect of concerns over potential new tariffs from US President Donald Trump and cautious signals from US Federal Reserve officials. Minutes of the Fed's January meeting showed policymakers were in no hurry to cut interest rates, citing the need for further easing in inflation. They also expressed concerns about the impact of Trump's proposed inflationary tariffs.