Following the RBI’s tightening of guidelines for personal loans, Bank and NBFC shares fell.
Due to strong selling pressure following the Reserve Bank’s tightening of consumer credit standards, shares of bank and non-bank financial companies fell as much as 7% during Friday’s morning trading session. Shares of State Bank of India, Axis Bank, Canara Bank, and Bank of Baroda all saw decreases of 3.34 percent, 3%, and 2.67 percent,…
