IDFC Ltd (IDFC.NS)
17 Apr 2014
|Market Cap (Mil.):||Rs179,452.50|
|Shares Outstanding (Mil.):||1,516.29|
MUMBAI - The BSE Sensex fell on Thursday after touching its ninth consecutive record high as state-run banks such as State Bank of India slumped on concerns about losses on their debt portfolios as domestic bonds extended a slide this week.
MUMBAI - Shares in IDFC Ltd surged as much as 8.8 percent on Thursday after the Reserve Bank of India (RBI) granted a preliminary bank licence to the infrastructure sector lender, one of the two firms to get the approval.
* IDFC's profitability in the near-term to be impacted - analysts
* India's benchmark BSE index was down 0.16 percent while the broader NSE index lost 0.28 percent after earlier hitting a ninth consecutive record high. * The BSE rose as much as 0.31 percent to a record 22,620.65, while the NSE rose as much as 0.36 percent to a life-high of 6.776.75 points, crossing Wednesday's highest 6.763.50. * Shares in IDFC Ltd surged as much as 8.8 percent after India's central bank on Wednesday granted preliminary licence to the infrastructure sector lender to set up a n
MUMBAI - The Reserve Bank of India (RBI) on Wednesday granted two preliminary licences to set up new banks in a country where only one household in two has access to formal banking services.
MUMBAI, April 3 - Shares in India's IDFC Ltd surged 8.7 percent at pre-open trading after India's central bank on Wednesday granted preliminary licence to the infrastructure sector lender to set up a new bank.
MUMBAI - The Reserve Bank of India (RBI) on Wednesday granted two preliminary licenses to set up new banks in a country where only one household in two has access to formal banking services.
* Financial firms will have 18 months to meet banking rules
MUMBAI, April 2 - The Reserve Bank of India said on Wednesday it had granted bank licenses to IDFC Ltd and Bandhan Financial Services that would be valid for 18 months and would be subject to the two financial firms fully complying with central bank regulations.
Reuters Market Eye - IDFC Ltd shares gain 1.4 percent, while L&T Finance Holdings surges 4.8 percent on hopes that they are the leading contenders to receive banking licences in a process seen entering its final stretch, dealers say.