Nifty fell on late wednesday and banking stocks led the decline.The Bank Nifty fell 1.9% as yields on bonds rose, heightening concerns over the lenders’ debt holdings. Banking stocks such as ICICI Bank, State Bank of India (SBI), Punjab National Bank, Bank of India, Axis Bank and Canara Bank are down 2% each. IDBI is the top looser and lost more that 6%. It should be noted that Reserve bank of India on Tuesday cuts banks’ statutory liquidity ratio by 50 bps to 22.00 pct of deposits from August 9 and leaves repo rate unchanged at 8 percent