NBFC shares gain on RBI guidelines
MUMBAI (Reuters) - 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.
(Reporting by Rafael Nam; Editing by Anand Basu)
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