NBFCs fall on reports of bank license meet postponement

Shares in non-banking finance companies which have applied for bank licenses fall on media reports the Election Commission would not be holding a meeting on Monday regarding the issuance of new licenses, citing unnamed officials.

The Reserve Bank of India has sought the Election Commission's approval to announce new bank licenses ahead of the polls due to conclude by May and media reports had said the commission could meet on Monday.

A spokesman for the commission reiterated no decision on bank licenses had been made.

Shares in LIC Housing Finance fell 1.7 percent, L&T Finance Holdings was down 1.46 percent and IDFC Ltd lost 3.66 percent.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The survey paints an optimistic future, but sees little scope for a bang

    The Economic Survey, which comes out a day before the Union budget, is widely regarded as its forerunner, an indicator of things to come 24 hours late

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schoettli

The hidden attractions of Japan

We live in the Asian century. During the past two ...

Zehra Naqvi

Star power

Being a part of the generation that gorged on Shah ...

Bubbles Sabharwal

The waking moment decides the day

There was a little girl/ Who had a little curl/ ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture