Indian banking stocks were broadly under pressure in early trade on Friday, April 24, 2026, with the S&P BSE BANKEX index falling to 63,030.6, down 0.7%. The broader market reflected similar weakness, with the S&P BSE Sensex at 76,891.65 (down 0.99%) and Nifty 50 at 23,984.10 (down 0.78%) as of the morning session.
Public Sector Banks Under Pressure
Among public sector lenders, selling was widespread. Bank of Baroda fell 1.50% to ₹271.90 on BSE, while Bank of India shed 1.72% to ₹148.25. Union Bank of India was among the steeper decliners, slipping 1.75% to ₹176.50. Canara Bank eased 0.92% to ₹139.60, and Punjab National Bank (PNB) was down 0.58% to ₹112.15. State Bank of India (SBI) held relatively steady, slipping just 0.10% to ₹1,093.00.
Private Banks Also Weak
Among large-cap private banks, HDFC Bank fell 0.78% to ₹778.40 and ICICI Bank declined 0.99% to ₹1,334.40. Axis Bank was down 0.63% at ₹1,360.90. Kotak Mahindra Bank slipped 0.51% to ₹368.50, and IndusInd Bank edged lower by 0.62% to ₹855.15.
Bandhan Bank was among the notable decliners in this segment, losing 1.73% to ₹170.80 on BSE.
Small Finance Banks: Mixed Picture
Small finance banks showed divergence. AU Small Finance Bank gained 0.71% to ₹1,064.00 on BSE, while Equitas Small Finance Bank rose 1.17% to ₹66.75 — two of the few gainers in the sector today. On the other side, Ujjivan Small Finance Bank fell 1.73% to ₹57.49, Suryoday Small Finance Bank declined 1.95% to ₹143.15, and CSB Bank was the day’s steeper mover, down 2.20% to ₹376.45.
Other Movers
Federal Bank bucked the trend with a gain of 0.46% to ₹296.65. RBL Bank was marginally positive, up 0.14% to ₹313.25. IDFC First Bank was nearly flat at ₹67.84, up just 0.01%.
IDBI Bank declined 1.22% to ₹72.79. Yes Bank slipped 0.65% to ₹19.91.
Prices sourced from BSE and NSE as of approximately 9:46–9:50 AM IST, April 24, 2026. This article is for informational purposes only and does not constitute investment advice.