Sunday 24 February 2013

NBFC Shares Gain On RBI Guidelines


MUMBAI - 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, a lender and consultant for infrastructure projects, was up 1.8 percent.