Tourism Finance Corporation of India has rallied 10% to Rs 24.65 in otherwise weak market after the public sector financial institutional said that it is submitting application for securing a bank licence after its board approved the same.
“In terms of the approval by the board of directors, is submitting application with Reserve Bank of India (RBI) for banking licence” Tourism Finance Corporation of India said in a regulatory filing.
The company is promoted by a clutch of public sector institutions, including IFCI, SBI and Life Insurance Corporation of India.
The stock opened at Rs 24.75 on NSE and has seen a combined 205,897 shares changing hands on the counter in early morning deal son NSE and BSE.
“In terms of the approval by the board of directors, is submitting application with Reserve Bank of India (RBI) for banking licence” Tourism Finance Corporation of India said in a regulatory filing.
The company is promoted by a clutch of public sector institutions, including IFCI, SBI and Life Insurance Corporation of India.
The stock opened at Rs 24.75 on NSE and has seen a combined 205,897 shares changing hands on the counter in early morning deal son NSE and BSE.
