Banking shares were under pressure with Nifty Bank, Nifty Private Bank and Nifty PSU Bank indices declining up to 5 per cent in past two trading days amid a heavy sell-off in equities. At 09:41 AM; Nifty Bank, Nifty Private Bank and Nifty PSU Bank indices were down 1.5 per cent to 2 per cent on the National Stock Exchange (NSE). In comparison, the Nifty 50 was down 0.67 per cent. In past two trading days, the banking indices have declined between 4 per cent and 5 per cent, as against 2 per cent decline in the benchmark index.