NBFC Shares Gain on RBI Guidelines

February 25, 2013 5:58 AM GMT

  • FOLLOW IBT: YOUR ONE-STOP NEWS SITE
  • Google Plus

Share article

India's non-banking financial shares gain on Monday after the RBI issued guidelines allowing any business sector to apply for banking licenses.

M&M Financial shares were up 6.4 percent at 10:09 a.m.

IDFC Ltd (IDFC.NS), a lender and consultant for infrastructure projects, was up 1.8 percent.

Copyright 2012 Thomson Reuters. All rights reserved.
Join the Conversation
Worlds Largest Lego Model Unveiled In Times Square
READ MORE
Vince Cable, UK Business secretary speaks with IBTimes UK exclusively (Photo: Reuters)

Vince Cable: UK’s Biggest Banks Talk ‘Absolute Nonsense' on SME Lending Demand

HSBC may see 'money laundering' deal struck down

HSBC at Risk of Drug and Terror Money Laundering Charges

Julian Assange

Julian Assange's WikiLeaks 'Barely Able to Cover Costs' as Donations Dry up

Sally Bercow has quit Twitter over McAlpine tweet

Sally Bercow’s Tweet is Most Expensive in History at a Cost of £16,000 a Word

UK manufacturing

UK Youth Too Lazy and Unskilled for Manufacturers

SEA ITV Hack

ITV Twitter Hacked By pro-Assad Syrian Electronic Army

News stand

Abolish National Insurance Tax Breaks for UK Self-Employed, Says CentreForum

Yoda model made with a 3D printer in Berlin earlier this year.

Inventors Challenged in 3D Printers for Peace Contest

World
Indian Police Arrest A Suspect in The Mumbai Terror Attacks Probe

Featured Videos