Lenders, especially state-owned ones, dropped after the RBI increased the amount of provisioning against restructured loans to 2.75% from 2%, effective immediately, as part of its monetary policy review.
State Bank of India (SBI) shares fell 2.6% as of 11:21 p.m., while Bank of India fell 1.6%.
Banking shares drop on RBI's restructured loan provisioning norm
RBI cuts CRR by 25 bps
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First Published: Oct 30 2012 | 11:33 AM IST
