HDFC, Axis to Kotak Bank: Private bank stocks slip over 4% after Q1 results; ICICI Bank shares outperform

New Delhi, July 20 -- Private banking stocks declined over 4% in early trade on Monday after the lenders announced their Q1 results. The Nifty Private Bank index dropped around 2.5%.

HDFC Bank and Axis Bank shares emerged as the top losers in the Nifty Private Bank index, with a fall of 4.8% each. Kotak Mahindra Bank share price declined over 3%, while Yes Bank share price shed over 2%.

ICICI Bank share price outperformed, as the stock gained as much as 2.47%.

(More to come)

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