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Banking Shares Tumble as RBI Tightens Lending Norms | Stock Market News
Updated: November 17, 2023 04:39 PM IST
Shares of banks and non-banking finance companies (NBFCs) plummeted on Friday as the Reserve Bank of India (RBI) tightened norms for personal loans and credit cards. The move, aimed at curbing the surge in unsecured lending, sent shockwaves through the financial sector, with SBI Card shares falling the most by over 6%.
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