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NBFC shares gain on RBI guidelines
February 25, 2013 / 4:43 AM / in 5 years

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.

Brokers trade on their computer terminals at a stock brokerage firm in Mumbai July 23, 2008. REUTERS/Punit Paranjpe/Files

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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