IDFC gains as RBI eases infra bond sale norms

Tags: Companies
Shares in IDFC Ltd gain as much as 4.9 percent after the Resrve Bank of India on Tuesday provided the guidelines under which banks would be exempted from reserve requirements when raising long-term bonds for infrastructure.

IDFC, an Indian infrastructure lender that obtained a banking license in April, is seen as one of the main beneficiaries of the measures.

Shares in IDFC were up 4.4 percent at 0915 a.m.

EDITORIAL OF THE DAY

  • The rich are showing interest, artie folks don’t seem enthused

    On the face of it, Pichvai, the 400-year-old dying art, has got a new patron in Nita Ambani.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Urs Schoettli

North Korea shakes up Manchuria

North Korea, officially the Democratic People’s Republic of Korea (DPRK), ...

Zehra Naqvi

Tree of life

Stories of trees that think, learn and speak are safely ...

Dharmendra Khandal

Let's leave bird songs to birds

The questions floating amongst wildlife enthusiasts these days are: Should ...