NBFC Shares Gain ON RBI Guidelines

[devang4u]

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.

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