Shares in NBFCs up on new banking licence guidelines

India’s non-banking financial shares gain on Monday after the RBI issued guidelines allowing any business sector to apply for banking licenses.

[caption id=“attachment_638212” align=“alignleft” width=“380”] Reuters[/caption]

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.

Reuters