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IDFC, LIC Housing gain on banking licence hopes
Source: IRIS | 25 Feb, 2014, 12.07PM
Rating: NAN / 5 stars.
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LIC Housing Finance and IDFC climbed on Tuesday after media reports said that the Jalan committee, which is scrutinizing applications for new bank licences, will submit its report by the weekend.

The committee's final meet is likely to be held today and the recommendations will be submitted to the Reserve Bank of India (RBI).

LIC Housing Finance trading at Rs 210.20, up Rs 7.45, or 3.67% at the Bombay Stock Exchange (BSE) on Tuesday at 12 noon.

IDFC trading at Rs 96.15, up Rs 2, or 2.12% at the Bombay Stock Exchange (BSE) on Tuesday at 12 noon.

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