Seven of the world’s 10 worst-performing bank stocks are in India

August 23, 2019 |
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Banking
Seven of the world’s 10 worst-performing bank stocks are in India

Mumbai:  Concerns over the banking sector in the country is increasing. India is home to seven of the 10 worst performing bank stocks in the world, Bloomberg report says. The banks are also facing a downturn as the country is facing a financial crisis. This has had a major impact on investor mobilization efforts.

According to the list released by Bloomberg, Yes Bank tops the list. YES Bank recently suffered a 70% fall in stocks. YES Bank raised $ 273 million in stocks last week, but the market is worried about its holding in mortgage stocks. Shares of CG Power Ltd, which has a 12.8% stake, fell more than 25% on Tuesday. 

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