Tuesday, Aug 04, 2020 | Last Update : 12:14 AM IST

133rd Day Of Lockdown

Maharashtra45019628703015842 Tamil Nadu2632222022834241 Andhra Pradesh166586886781537 Karnataka139571625002594 Delhi1384821242544021 Uttar Pradesh97362533571730 West Bengal75516527301678 Telangana6766048609551 Gujarat63684466892482 Bihar5956736637322 Rajasthan4495531216706 Assam4290532385105 Haryana3629729690433 Odisha3491321955236 Madhya Pradesh3353523550886 Kerala259121446383 Jammu and Kashmir2141613127396 Punjab1785311466423 Jharkhand121884513115 Chhatisgarh9608699158 Uttarakhand7593443786 Goa6530466853 Tripura5248346323 Puducherry3806230952 Manipur283117377 Himachal Pradesh2654150813 Arunachal Pradesh19359693 Nagaland19356484 Chandigarh111769819 Meghalaya8742645 Sikkim6582891 Mizoram4702580
  Business   In Other News  07 Feb 2020  Financial sector stocks rally

Financial sector stocks rally

THE ASIAN AGE. | RAVI RANJAN PRASAD
Published : Feb 7, 2020, 2:02 am IST
Updated : Feb 7, 2020, 2:02 am IST

The PSBs also gained with Nifty PSU Bank Index closing up by 2.83 per cent.

The RBI would later announce the qualifying criteria for this policy.
 The RBI would later announce the qualifying criteria for this policy.

Mumbai: Shares of housing finance companies (HFCs), non-banking finance companies (NBFCs) and public sector banks (PSBs) were major gainers after the Reserve Bank of India announced measures to boost liquidity to cash-starved sectors by providing Rs 1 lakh crore additional liquidity and also took additional measures to ease their financial distress.

The gainers among the HFCs and NBFCs on the BSE included Indiabulls Housing Finance (15 per cent), Piramal Enterprises (7.60 per cent), LIC Housing Finance (8.17 per cent), Shriram Transport Finance (7.66 per cent), PNB Housing Finance (4.91 per cent), Can Fin Homes (2.12 per cent), GIC Housing Finance (1.61 per cent), Dewan Housing Finance (5 per cent).

 

The PSBs also gained with Nifty PSU Bank Index closing up by 2.83 per cent. The top gainers on the NSE included SBI (3.23 per cent), Bank of Baroda (3.86 per cent), PNB (2.99 per cent), Canara Bank (2.77 per cent), UCO Bank (4.64 per cent) and Central Bank of India (1.68 per cent).

Sandeep Agarwal, head – Real Estate Finance, Centrum Financial Services said, "RBI has given a window to lenders including Banks & NBFCs to not classify projects or developers as having delayed / defaulted, if the reasons for delay in providing Occupancy Certificate to buyers are beyond the control of the promoters.” The RBI would later announce the qualifying criteria for this policy.

 

S Ranganathan, head of research at LKP Securi-ties, said,"The one-year extension for loans to commercial real estate benefits several NBFC and HFCs.

Tags: nbfc