 "Photo: iStock")
Shares of Aavas Financiers hit a new high of Rs 1,693, up 5 per cent on the BSE on Friday, in an otherwise weak market after the Reserve Bank of India (RBI) increased the household income and lending limit for non-banking finance company (NBFC) and microfinance (MFIs) borrowers while announcing the October monetary policy.
The stock of the housing finance surpassed its previous high of Rs 1,670, touched on September 23, 2019.
The RBI, on Friday, increased household income limit for borrowers of non-banking finance company - Microfinance Institutions (NBFC-MFIs) to Rs 1.25 lakh for rural areas and Rs 2
