For Quick Alerts
For Daily Alerts

IDFC disqualified for banking license; scrip dips over 3%

By Religare

IDFC disqualified for banking license; scrip dips over 3%
Shares of private equity firm IDFC fell over 3 per cent in early trade on Bombay Stock Exchange (BSE) after being disqualified for bank licence as foreign shareholding in the institution exceeds the permissible limit of 50 per cent.


The Infrastructure financing firm, which has applied to RBI for a bank licence, has said it is working towards shareholding pattern to meet norms. Reacting to the news, shares of company declined as much as 3.32 per cent to trade at Rs 100.45 a piece on the BSE.

In a similar fashion, shares of the company slipped 1.25 per cent 102.60 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 20,793.95, up 85.33 points or 0.41 per cent at 10:25 hours.

Dion Global Solutions Ltd.

Read more about: idfc banking licence rbi
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more