November 22, 2024 21:15 (IST)
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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

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.