June 12, 2017 / 4:58 AM / 2 months ago

BUZZ-India bank stocks fall after recent gains; farm loan waivers weigh

** Indian bank stocks fall, with the Nifty PSU bank index down as much as 1.34 pct, while the Nifty Bank index slips as much as 0.62 pct

** Drop comes after Nifty Bank index hits record high on Friday; up nearly 30 pct this year

** Nifty PSU bank index has risen 18 pct this year

** Sentiment for lenders also take a hit after India's western state of Maharashtra agreed on Sunday to forgive all loans held by farmers

** Bank of India down as much as 3 pct, while Punjab National Bank falls as much as 2.83 pct

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