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MARKET EYE-Indian financials gain on RBI draft rules on sector
December 13, 2012 / 5:52 AM / 5 years ago

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

* 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
 * 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.

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