Shares of banking licence applicants fall after RBI doesn't give nod

Apr 03 2014, 12:16 IST
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Shares of banking licence applicants, like L&T Finance Holdings, who did not get RBI nod are under selling pressure. Shares of banking licence applicants, like L&T Finance Holdings, who did not get RBI nod are under selling pressure.
SummaryShares of banking licence applicants who did not get RBI nod are under selling pressure.

Shares of banking licence applicants who did not get RBI nod are under selling pressure.

JM Financials (-6.43%), L&T Finance Holdings (-10.03%), Shriram Transport Finance Company Ltd (-3.96%), Srei Infrastructure Finance (-8.14%) and LIC Housing Finance Ltd (-1.86%) were trading lower on the BSE at 11.45 am IST.

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The central bank has said, "some of those entities who did not qualify in this round for a full-fledged banking licence could well apply in future rounds or could apply for differentiated licences under the proposed framework."

Also read:New bank licence: Not-on-list applicants Reliance Capital, Aditya Birla Nuvo put up a brave face

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