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Nifty PSU Bank index falls 15% in 2020, all constituents in the red; here's why

Updated : February 24, 2020 01:49 PM IST

The Nifty PSU Bank index extended its decline in 2020 as well. After plunging 17 percent in 2019, the index has lost 15 percent in 2020, on a year-to-date (YTD) basis.
The recent fall came amid weak economic growth and elevated fresh stress formation in the immediate term.
Also, the Supreme Court judgment on AGR dues of the telecom sector have added to woes.
Nifty PSU Bank index falls 15% in 2020, all constituents in the red; here's why

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