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

fe Bureau Posted online: Thursday, Apr 03, 2014 at 0000 hrs
Mumbai : 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."

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