Banking shares came crashing down in trade once again with blue chip public sector banking stocks like State Bank of India, Bank of Baroda and Canara Bank hitting fresh 52-week lows.

State Bank of India shares plunged to a new 52-week low of Rs 218.25 on the NSE, , while Canara Bank fell to a new low of Rs 229.10 and Punjab National Bank dropped to Rs 110.10 on the National Stock Exchange.

Markets would eagerly watch for the quarterly numbers of banks, to see if there is any further deterioration in asset quality.

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