Financial stocks trade mixed as RBI revises PSL norms; Nifty Bank tops 52K

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Financial stocks trade mixed as RBI revises PSL norms; Nifty Bank tops 52K - Business Standard

Quick Summary:

The changes in the priority sector lending (PSL) guidelines will be effective from April 1, 2025.

For centres with a population of more than 1 million and up to 5 million, home loans up to Rs 45 lakh with cost of dwelling unit at Rs 57 lakh would be classified as priority sector.

The Nifty Bank index, for instance, surpassed the 52,000-mark in the intraday trade on the National Stock Exchange (NSE) today, hitting an intraday high of 52,058.55 (up 0.68 per cent).