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Shares in NBFCs up on new banking licence guidelines

Feb 25, 2013 11:35 IST

#IDFC   #M&M Financial   #NBFC   #New Banking licence   #RBI   #StockWatch  

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 am

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