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IDFC, L&T Finance Gain On Hopes For Bank Licences

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IDFC Ltd shares gained 1.4 per cent, while L&T Finance Holdings surged 4.8 per cent on hopes that they are the leading contenders to receive banking licences in a process seen entering its final stretch, dealers said.

Unlisted India Post is also seen as a leading contender, according to analysts.

An advisory committee is due to give its recommendations on bank licences by this weekend to the central bank, the Business Standard newspaper reported on Tuesday (25 February), citing India's Financial Services Secretary, Rajiv Takru.

(Reuters)
 


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