February 25, 2013 / 4:43 AM / 5 years ago

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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