Nifty PSU Bank index down 3%; Bank of Baroda dips 9%

BOI, Oriental Bank, Canara Bank, PNB, Andhra Bank,Syndicate Bank and Allahabad Bank were down 2%-4%

Shares of public sector undertaking (PSU) bank were trading under pressure with the Nifty PSU Bank index falling over 3% led by decline in Bank of Baroda (BOB), Bank of India (BOI) and Oriental Bank of Commerce.

Besides these three stocks, Canara Bank, Punjab National Bank (PNB), Syndicate Bank, Andhra Bank, Allahabad Bank and Union Bank of India were down between 2% and 9% on the National Stock Exchange (NSE).

At 12:25 am; Nifty PSU Bank index, largest loser among sectoral indices was down 3.1% at 3,308. On comparison, Nifty Bank and Nifty 50 index were down 0.3%