Banks and NBFC stocks are down sharply in trade on Friday after the Reserve Bank of India's (RBI) action raised the risk weightage on unsecured loans.
RBL Bank is down almost 7 per cent, AB Capital almost 6 per cent, SBI Card is down over 5 per cent, L&T Finance Holdings down more than 5 per cent, Ujjivan down more than 4 per cent, IDFC First Bank down more than 3 per cent, IIFL more than 3 per cent.
Among the heavyweights, Axis Bank is down 3 per cent, SBI is down 3 per cent, B...
Banks, NBFC stocks fall as RBI moves to curb risk in consumer lending
