Nifty Bank hits 6-month low; RBL, Bandhan, AU Small tank up to 10%

Nifty Bank was trading lower for the sixth straight day, having fallen 8 per cent during the period

Nifty Bank index tumbled to a six-month low, down over 4 per cent on the National Stock Exchange (NSE), in Monday’s intra-day trade after a sharp correction on private sector banks as foreign investors continued pulling out funds from Indian equities.

AU Small Finance Bank, Bandhan Bank, Federal Bank and RBL Bank from the Nifty Bank index tanked between 6 per cent and 10 per cent on the NSE. IndusInd Bank, IDFC First Bank, ICICI Bank, HDFC Bank, State Bank of India and Axis Bank were down in the range of 4 per cent to 5 per cent. Meanwhile,