PSU Stocks Dropped as

RBI Imposes Stricter Regulations

Share Market Today

PSU stocks, including PFC and REC, drop up to 13% as RBI tightens project loan regulations by mandating 5% provisions during construction.

RBI's guidelines outline conditions for reducing provisions post-project completion, stress resolution criteria, and electronic data maintenance requirements for lenders.

Company Details

Shares of power financing companies like PFC and REC tumble, along with PSU banks such as Canara Bank and PNB, amid market turmoil.

Nifty PSU index sees a 4.3% decline, with 54 constituents trading in the red, reflecting market apprehension over RBI's regulatory changes and their impact.

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