MARKET EYE-Indian financials gain on RBI draft rules on sector

Thu Dec 13, 2012 1:57pm IST

Related Topics

Stocks

   

* Shares in non-banking finance companies gain after Reserve
Bank of India's unveils draft guidelines for capital in the
sector that are seen less stringent than feared.
* RBI wants non-bank lenders to set aside more capital for
lending in stock and real estate sectors and to improve the
quality of liquid assets they hold to reduce systemic risk from
the sector. 
* RBI also proposes to raise Tier I capital requirements across
the sector to a lower level than market participants had
anticipated. 
 * L&T Finance Holdings gains 0.8 percent, Mahindra
and Mahindra Financial Services is up 0.9 percent,
while LIC Housing Finance gains 0.8 percent.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net;
suvashree.dchoudhury@thomsonreuters.com /;
suvashree.dchoudhury.reuters.com@reuters.net)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Trade Deal

REUTERS SHOWCASE

Record High

Record High

Nifty hits record high on foreign buying, higher Asian stocks.  Full Article 

Bullish on Equities

Bullish on Equities

Bullish on Indian equities, but gains seen 'less sharp'- Goldman Sachs  Full Article 

Facebook Results

Facebook Results

Second quarter revenue increases 61 percent  Full Article 

BRICS Bank

BRICS Bank

World Bank chief welcomes new BRICS development bank.  Full Article 

Streamlining Operations

Jet Streamlines

Jet Airways chairman says looking to restructure debts, talking to bankers  Full Article 

Political Economy

Political Economy

Analysis - Watch what markets don't do as world politics turns nasty   Full Article 

Photo

Honda's India Thrust

Honda's India unit to account for 25 pct of Asia Pacific sales by March 2017 - exec   Full Article 

 Boosting Output

Boosting Output

NMDC plans to boost iron ore output by two-thirds  Full Article 

Apple Results

Apple Results

Apple margin concerns fade, focus shifts to iPhone launch  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage