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
- Cold hard facts: Underwater robot measures Antarctic sea ice |
- 'Wizard of Oz' Cowardly Lion suit, Casablanca piano go for millions
- Jewish-nation bill frays Israel's delicate social fabric
- Missouri governor orders more troops to Ferguson after riots |
- India moves toward ban on loose cigarettes to deter smoking
India's economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter, two senior finance ministry sources said, putting pressure on the central bank to cut interest rates. Full Article