Nifty Bank has seen the worst month since March 2020, with losses across all 14 of its constituents. Every single constituent of the index saw losses in double digits. The losses range between 11% to 22%. The index has declined by more than 16% in March. This is the worst month for the stock since the Covid-19 month, during which it had dropped over 30%. Together, the private banks have contributed to a ₹1 lakh crore loss in market capitalisation on Monday.
