Bank stocks came under selling pressure on Tueday, with lenders such as Punjab National Bank (PNB) and Central Bank falling up to 3 per cent, as investor sentiment took a hit after the Punjab government announced farm loan waiver for small and marginal farmers.
Shares of Central Bank of India dipped 2.99 per cent, City Union Bank shares slipped 2.50 per cent, PNB fell by 2.37 per cent and Axis Bank (1.56 per cent) on BSE.