Jana Small Finance Bank shares fell nearly 13 percent to hit a nearly six-month low on the NSE on Monday after Federal Bank Executive Director Venkataraman V said the lender was focusing on organic growth and had no plans to acquire stakes in other lenders.
Media reports had earlier suggested that Federal Bank would acquire a sizeable stake in Jana Small Finance Bank.
Jana Small Finance Bank shares settled at Rs 428 per share on the NSE, down 12.76 percent.
Meanwhile, shares of Federal Bank rose over 3 percent to Rs 348.85 on the NSE.
"At this stage, there's no active consideration of any inorganic opportunity," NDTV Profit quoted Venkataraman as saying.