Mumbai, March 30 -- The Nifty Bank index dropped 2.73% to 50,848.50, with losses seen across both public and private sector lenders.
Among losers, AU Small Finance Bank fell 4.50%, IndusInd Bank declined 4.28%, Union Bank of India dropped 4.05%, and Yes Bank slipped 3.97%. Canara Bank, Bank of Baroda and Axis Bank also fell between 3% and 3.7%, while IDFC First Bank, Punjab National Bank and State Bank of India declined over 3%. Federal Bank, Kotak Mahindra Bank, HDFC Bank and ICICI Bank also ended lower, falling up to 2.6%.
The Reserve Bank of India, in an official communication dated 27 March 2026, directed authorised dealers to maintain their Net Open Position in Rupee within a limit of $100 million at the end of each business day. The...