Nifty Bank Index shed more than 2% on Wednesday. The sectoral Index opened at 24,737.85 to trade at 24,146 levels.

Nifty Bank previously closed at 24,769.50 level. It touched a days high of 24,780.70.

Federal Bank and Induslnd Bank were the top losers with each failing more than 3%. ICICI Bank and SBI too witnessed a fall of 2.2%.

Kotak Mahindra Bank was trading at Rs 1,553 by mid-trade, down 2%. RBL Bank was the only stock in green, trading at Rs 175.50, up by 0.35%.

The Index has given a return of 22% in last 6 months.