SKS Microfinance and Dewan Housing Finance Corporation witnessed a fall in share price on Friday as the companies failed to get the small finance bank licences.

On Wednesday, the Reserve Bank of India (RBI) decided to grant In-principal approval to 10 applicants to set up small finance banks.  

SKS Microfinance plunged Rs 71.8, or 15.94%, to trade at Rs 378.50. The total volume of shares traded was 1,768,157 at the BSE. On the other hand, Dewan Housing Finance Corporation declined Rs 2.85, or 1.29%, to trade at Rs 218.35. The total volume of shares traded was 179,211 at the BSE. (1.42 p.m., Friday)

The RBI issued  In-principal approval to Au Financiers (India), Jaipur; Capital Local Area Bank, Jalandhar; Disha Microfin, Ahmedabad; Equitas Holdings P, Chennai; ESAF Microfinance and Investments, Chennai; Janalakshmi Financial Services, Bengaluru; RGVN (North East) Microfinance, Guwahati; Suryoday Micro Finance, Navi Mumbai; Ujjivan Financial Services, Bengaluru and Utkarsh Micro Finance.