Reserve Bank of India governor Shaktikanta Das’s decision to put an end to the consumer credit party took its toll on share prices of retail lenders as markets evaluated the capital required by these institutions. Financials experienced significant losses, contributing to the downturn in major indices. Ratings agency S&P and an SBI report have said that the capital requirement for banks would go up by 60 basis points (100 basis points equals 1 percentage point).