Private bank shares tumble on Q1 numbers, ICICI bucks the trend
Private lenders sold off in early Monday trade after first-quarter results, dragging the Nifty Private Bank index down about 2.72%. HDFC Bank and Axis Bank led the decline with losses exceeding 5% each, while Kotak Mahindra Bank and Yes Bank each shed more than 3%. ICICI Bank ran counter to the selling, climbing as much as 2.47%.