Indian non-banking financial shares gain on central bank guidelines

Source : REUTERS
Last Updated: Mon, Feb 25, 2013 05:01 hrs
An investor watches the share index at a local share and stock market in the northern Indian city of Chandigarh

India's non-banking financial shares were poised to gain on Monday after the central bank issued guidelines allowing any business sector to apply for banking licenses.

IDFC Ltd, a lender and consultant for infrastructure projects, rose 2 percent in pre-open trading. Domestic markets will open at 0345 GMT.

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