Nifty Bank, Nifty Private Bank and Nifty PSU Bank indices were down 5 per cent each as compared to 2.4 per cent decline in the Nifty 50 index.
Indiabulls Housing Finance's stock is witnessing a reversal pattern on daily charts
The move comes after the Sebi, Association of Mutual Funds (Amfi), and IDBI trustee moved a Division Bench of the court, challenging the interim order granting protection to Indiabulls.
According to court documents, the matter was mentioned on Monday. The plea will be clubbed with the petition filed by Axis Trustee, which represents the majority of the bondholders.
On the BSE, the stock plunged 16.06 per cent to close at Rs 213.55.
The investments in AT-1 bonds of Yes Bank were made in 2017, as part of its treasury management of over Rs 20,000 crore of cash and when the bank was worth over USD 10 billion in value, it said
Brokers say many wanting get to their hands on the country's second-largest credit card company have bought shares of parent State Bank of India (SBI) from the secondary market in recent weeks.
The rating on the CP issue and short-term non-convertible debenture programme has been reaffirmed at 'A1+'
Today, a total of 126 companies, including Adani Enterprises, Berger Paints, Cipla, and Indiabulls Housing, are scheduled to announce their December quarter results
On Thursday, November 28, Government Pension Fund Global had bought 3.1 million equity shares representing 0.73 per cent stake in Indiabulls Housing Finance at price of Rs 305.60 per share on the NSE.
It is, however, still probing the company, one of the country's largest real estate lenders, and has sought two months' time for filing additional affidavit in this matter
The petitioners had alleged in the PIL that the loans were given to shell companies
The trading volumes on the counter jumped more than three-fold today.
The Centre has reduced GST on affordable housing to 1 per cent only and is providing an additional deduction of 1.5 lakh on interest paid on home loans
Experts say improvement in asset quality bodes well for corporate banks and should lead to increased earnings for these lenders.
The Union Cabinet has approved the setting up of an AIF to revive around 1,600 stalled housing projects across top cities in the country.
The company had posted a net profit of Rs 1,034.92 crore during the corresponding quarter of the previous financial year.
The business model the way we are looking at will undergo a change as we stop doing any wholesale lending incrementally apart from supporting existing projects.
Most of these companies have seen a sharp erosion in their market values in the wake of the yearlong crisis in India's credit market
... A fire sale of equity or merger with a strong bank? Time is running out. There aren't too many choices