PSU bank stocks dropped up to 10% on BSE as BJP-led NDA led in early election trends, defying exit polls. Central Bank, Union Bank, Canara Bank, PNB, and others saw significant declines. Analysts favor private banks like ICICI and HDFC amid political uncertainty.
RBI project finance guidelines easier than draft, breather for lenders
The Reserve Bank of India has significantly reduced mandatory provision requirements for commercial real estate and infrastructure projects, offering relief to lenders. These revised guidelines,
June 20, 2025