Financials gain on hopes for banking bill

Tags: News
Shares of non-banking financial companies gain on hopes parliament will pass the banking amendment bill after Finance Minister P. Chidambaram says the government has reached an agreement with the opposition.

The bill would set the regulations required to open up the lending sector to outside companies.

Companies that investors believe will be among the first to obtain a license gain strongly: L&T Finance Holdings gains 4.9 percent, Mahindra & Mahindra Financial Services gains 3.8 percent, while Reliance Capital is up 4.5 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E-mail ID will not be published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

  • India must redefine poverty based on mobile haves and have nots

    Who is poor? Who is not?

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Tushar Gandhi

We’re nothing without our farmers

For centuries, India has been an agrarian and a skill ...

Purnendu Ghosh

Love or hate can happen at sight

Hate, like love, is an all-consuming passion. There are people ...

Shona Adhikari

Taking a leaf out of nature for inspiration

I was on a 10-day visit to Bangalore. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture