IDFC is trading higher 3% at Rs 147 after the board of the non-banking finance company approved a proposal to seek licence from the Reserve Bank of India (RBI) for setting up a bank.
“The board of directors of the company at its meeting held on June 18, 2013, has approved a resolution for making an application to the RBl for obtaining a Banking License,” IDFC said in a filing.
The licence would be sought based on the guidelines for licensing of new banks in the private sector dated February 22, 2013 and the associated clarifications issued by RBI on June 03, 2013, it added.
The stock opened at Rs 146 and touched high of Rs 148 in early morning deals on NSE. A combined 773,142 shares have changed hands on the counter till 0920 hours on NSE and BSE.
“The board of directors of the company at its meeting held on June 18, 2013, has approved a resolution for making an application to the RBl for obtaining a Banking License,” IDFC said in a filing.
The licence would be sought based on the guidelines for licensing of new banks in the private sector dated February 22, 2013 and the associated clarifications issued by RBI on June 03, 2013, it added.
The stock opened at Rs 146 and touched high of Rs 148 in early morning deals on NSE. A combined 773,142 shares have changed hands on the counter till 0920 hours on NSE and BSE.
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