Witnessing a sharp value erosion in their shares during the last quarter of the current fiscal, about 50 listed banks and NBFCs of the country have lost nearly Rs 1.43 lakh crore in their market capitalisation in this period.

The estimated 14 per cent percentage loss in the market value of banking and non-banking financial companies (NBFCs) is much higher than the overall plunge of less than eight per cent across the stock market between January and March 2013.

While two days are still left in the current fiscal, the stock markets would now resume trading in the next financial year on April 1, as the next two days are trading holdings.

An analysis of stock movements of about 50 listed banks and NBFCs during the current quarter shows that their cumulative market cap has plunged by Rs 1,43,682 crore since January 1, 2013 to end the fiscal at Rs 10,44,400 crore.

The biggest loser among these has been state-run banking major SBI with a loss of over Rs 23,000 crore in the current quarter, followed by private lenders HDFC Bank and ICICI Bank with losses of over Rs 13,000 crore and Rs 12,000 crore, respectively.

Incidentally, this three-month period saw many significant developments regarding the banking and NBFC sectors. While RBI came out with its final guidelines for grant of new banking licenses, a sting operation also claimed major lapses regarding the money laundering controls at three leading private banks.

Besides, financial difficulties came to the fore at some of the NBFCs, including those in the business of gold loans.