Shares of YES Bank (down 4.42 per cent) , Bank of BarodaNSE -1.24 % (down 2.82 per cent) , Punjab National BankNSE 0.70 % (down 1.94 per cent) and IDFC First Bank (down 1.74 per cent) were the top losers in the index.
State Bank of India (down 1.52 per cent) , RBL Bank (down 1.38 per cent) , IndusInd Bank (down 0.83 per cent) and HDFC Bank (down 0.81 per cent) too were trading lower.
The Nifty Bank index was trading 0.51 per cent down at 27,677.35.
Benchmark NSE Nifty50 index was down 8.40 points at 10,974.40 while the BSE Sensex was down 8.93 points at 37,095.35.
Among the 50 stocks in the Nifty index, 23 were trading in the green, while 27 were in the red.
Shares of YES Bank, Vodafone Idea, Tata Motors, Ashok Leyland, NHPC, JSPL, Bank of Baroda, SAIL, L&T Fin Holding and Motherson Sumi were among the most traded shares on the NSE.