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Business News/ Market / Stock-market-news/  IDFC shares gain 5.5% as RBI eases infra bond sale norms
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IDFC shares gain 5.5% as RBI eases infra bond sale norms

RBI on Tuesday provided norms under which banks would be exempted from reserve requirements when raising infra bonds

IDFC, an Indian infrastructure lender that obtained a banking licence in April, is seen as one of the main beneficiaries of the RBI’s measure. Premium
IDFC, an Indian infrastructure lender that obtained a banking licence in April, is seen as one of the main beneficiaries of the RBI’s measure.

Mumbai: Shares in IDFC Ltd gained as much as 5.5% after the Reserve Bank of India (RBI) on Tuesday provided the guidelines under which banks would be exempted from reserve requirements when raising long-term bonds for infrastructure.

IDFC, an Indian infrastructure lender that obtained a banking licence in April, is seen as one of the main beneficiaries of the measures.

Shares in IDFC were trading up 4.6% at 156.90 at 10:05am at BSE on Wednesday, while the benchmark Sensex was up 0.24% to 25,287.99. Reuters

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Published: 16 Jul 2014, 10:11 AM IST
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