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The Economic Times

Markets / The Economic Times

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Bank stocks fall as Street factors in lower profits

Indian banks experienced a significant slump on Monday following the RBI's directive to curb net-positioning to support the rupee. The Bank Nifty retreated 3.8%, with all constituents losing value. These new regulations, effective April 10, restrict lenders' forex positions, potentially impacting near-term profits and causing short-term volatility.

31 Mar 2026 6:10 am