Reuters Market Eye - Shares in non-banking finance companies gain after the RBI tightened rules for "shadow banks", raising minimum capital requirements and restricting deposits, ending the uncertainty.
The rules contain no unexpected changes, contrary to investors' fears, say traders.
Shriram Transport gains 3.9 pct, Mahindra and Mahindra Financial Services gains 2.4 pct.
IDFC gains 2.6 pct, LIC Housing Finance up 1.6 pct.
Among key changes, NBFCs' bad loan and provisioning norms have been aligned with banks.
The long transition period, until March 2018, for new rules also helps.
Also Read
(Reporting by Abhishek Vishnoi)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app