For Quick Alerts
For Daily Alerts

Vijaya Bank falls nearly 2% on bourses

By Religare

Shares of Vijaya Bank fell nearly 2 per cent on Bombay Stock Exchange (BSE) on concerns that payment banks pose a risk to public lenders' market share. The government announced a seven-point reform agenda for these banks. According to rating agency, Fitch, the proposed payments banks will increase competition for public sector lenders and could also pose risks to their market share over the long-term, the PTI report suggests.


Following the development, shares of the company dropped 1.95 per cent to Rs 37.65 a piece on BSE.

In a similar trend, shares of the company dipped 3.87 per cent to Rs 710.95 a piece on National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 27,242.89, down 364.93 points, or 1.32 per cent at 11.30 hours.

Story first published: Friday, August 21, 2015, 12:20 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more