NBFC Shares Gain on RBI Guidelines
February 25, 2013 4:58 PM EST
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.