Reuters Market Eye - Syndicate Bank Ltd (SBNK.NS) falls as much as 6.5 percent to its lowest since May 21.
The lender's chairman was arrested over allegations of taking bribes to grant loan extensions to a company.
The stock had already slumped 18 percent in July on profit-taking in mid-cap shares.
Despite July falls, Syndicate Bank was up 52.5 percent this year as of Friday.
(Reporting by Indulal PM)
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article