 "Foreign institutional investors")
Banking and financial stocks saw a sell-off on Tuesday amid fears of contagion risks, stemming from the financial sector’s exposure to real estate and stressed corporate groups. Analysts said concerns over risks posed by these stressed exposures to smaller, under-capitalised banks had triggered the sell-off.
“Right now, there is risk perception around some of the real estate-related exposure. There are concerns over rising bad loans in this space, and their fallout on the system. So, banks that are susceptible to these issues are seeing investor sell-off,” said Vikas Khemani, founder, Carnelian Capital Advisors.
On Tuesday, YES Bank was among the
