Banking stocks index plunges 12 53 day after oil price crashed

It seems like you're referring to a news article or a financial report. Here's a breakdown of the information:

To provide more context, it's likely that the oil price crash refers to a significant drop in the price of oil, which can have a ripple effect on the global economy and financial markets. When oil prices fall, it can lead to a decrease in demand for oil, which can negatively impact the profitability of oil-producing companies and the overall economy.

The decline in the banking stocks index could be a result of several factors, including:

  1. Reduced lending: With a decrease in oil prices, the demand for loans from oil-producing companies may decrease, leading to reduced lending activity and a decline in banking stocks.
  2. Reduced profitability: Banks may see a decline in their profitability due to reduced interest income from loans and investments, as well as increased provisioning for potential loan losses.
  3. Market volatility: The decline in oil prices can lead to increased market volatility, causing investors to become more risk-averse and sell off banking stocks.
  4. Economic uncertainty: The oil price crash can create economic uncertainty, leading to a decline in consumer and business confidence, which can negatively impact the banking sector.

It's essential to note that the exact reasons for the decline in the banking stocks index may vary depending on the specific circumstances and the performance of individual banks.