India's private banks index set for biggest monthly drop in nine months

Indusind Bank

31/07/2025 09:07

** India's private banks' index .NIFPVTBNK down 3.5% in July, set for worst monthly decline since Oct 2024

** Sub-index also set for first monthly decline in five

** Drop intensified after subdued results from Axis Bank AXBK.NS, Kotak Mahindra Bank KTKM.NS, Bandhan Bank BANH.NS and IndusInd Bank INBK.NS, sparking asset quality concerns

** BANH and AXBK top monthly decliners on sub-index

** Seven of 10 stocks on sub-index log monthly losses

** Heaviest-weighted HDFC Bank HDBK.NS and ICICI Bank ICBK.NS up nearly 2% and 3% this month, respectively, on upbeat results

** Benchmark Nifty 50 .NSEI down 2.3% in July, set to snap four-month winning streak

** YTD, private banks index up 10% vs Nifty 50's 5.4% climb

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))