Refinance Facility to 50% that will be effective from fortnight beginning June 30.
The BSE Bankex fell over 2% as country's largest lenders State Bank of India, ICICI Bank and HDFC Bank were down 2-3%. Housing finance company HDFC too lost 1%.
FMCG majors ITC and HUL declined 1% each.
Index heavyweight Reliance Industries and L&T slipped over 0.6%.
About two shares declined for every share rising on the National Stock Exchange.
At 10:22 hours IST: Sensex holds 17000 ahead of RBI policy; SBI rises 2%
The BSE Sensex continued to trade above the 17,000 level ahead of credit policy, supported by banks, capital goods, auto, oil & gas and metals stocks. Asian markets remained strong after favourable outcome from Greece's elections.
The BSE benchmark rose 130.28 points to 17080.11 that hit the 17,000 level for the first time since May 4, 2012. Meanwhile, the NSE benchmark gained 41 points or 0.8% at 5,180.05, though there was somewhat profit