PSU bank stocks take a hit due to draft RBI norms
Shares of public sector banks fell in trade on Monday after the Reserve Bank of India’s draft rules proposed higher provisioning norms on under-construction projects. The PSU Bank Nifty index closed 3.66% lower at 7,252.85 in Monday’s trade. On May 3, the RBI released a draft prudential framework for lenders doing project finance, proposing to … Read more