Indian shares fall; SBI down as asset quality disappoints
MUMBAI Nov 9 (Reuters) - Indian shares fell on Friday, marking a second day of declines, led by falls in State Bank of India, after the country's biggest lender posted its smallest profit increase this year as bad loans constrained earnings growth.
Shares in SBI provisionally fell 4 percent, while among private banks ICICI Bank fell 1.4 percent.
The BSE index provisionally fell 0.89 percent, while the 50-share NSE index ended down 0.91 percent. (Reporting by Abhishek Vishnoi; Editing by Sunil Nair)
- Tweet this
- Share this
- Digg this
Trending On Reuters
The government sold a 10 percent stake in state-run behemoth Coal India on Friday, in a bumper sale which saw demand from institutional investors marginally exceed supply, giving a welcome boost to the government's faltering divestment drive. Full Article