Financials under pressure ahead of SC verdict on interest waiver plea

Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services indexes were down in the range of 3 per cent to 4 per cent

Shares of financial services companies were under pressure on Friday with most of the related indices slipping over 3 per cent on the National Stock Exchange (NSE) ahead of the Supreme Court hearing on interest waiver case.

At 09:23 am, Nifty Bank, Nifty Private Bank, Nifty PSU Bank, and Nifty Financial Services were down in the range of 3 per cent to 4 per cent, as compared to 2.3 per cent decline in the benchmark Nifty 50 index.

Among individual stocks, IndusInd Bank, RBL Bank, Federal Bank, Bandhan Bank, IDFC First Bank, Indiabulls Housing Finance, Edelweiss Financial Services,