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PSU Bank shares drop as new RBI norms for infra project financing spoil mood

PSU Bank shares drop as new RBI norms for infra project financing spoil mood

May 07, 2024, at 02:02 am

Mumbai/IBNS: The shares of state-run lenders of India, including State Bank of India (SBI), Punjab National Bank (PNB), Union Bank of India, Bank of Baroda (BOB), and Maharashtra Bank, tumbled up to 6 percent on Monday after the Reserve Bank of India (RBI) published a draft proposing tighter rules for lending and heightened monitoring for under-construction infrastructure projects, reports said.