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)
Trending On Reuters
Shock turned to anger in Nepal on Tuesday as some of the tens of thousands stricken by a devastating earthquake, which killed more than 4,000 people, expressed frustration at what they said was their government's slow response to the crisis. Full Article