Licence winners are expected to be announced by the first quarter of 2014.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
Reliance Industries was the top Sensex gainer up 5.6% after the company reported better-than-expected net profit growth at 12% in the second-quarter aided hby higher gross refining margins.
Market breadth is positive with 942 advances and 196 declines.
The progress of the GST Bill in Parliament is also likely to remain in focus
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
Vastu Housing Finance is trying to leverage technology to distinguish itself in a crowded space.
The Sensex closed higher by 170 points at 26,128 and the Nifty rose 59 points to end at 7,943.
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
The broader markets were marginally higher with mid-caps and small-caps gaining 0.1-0.4 per cent on the BSE.
Murthy no more chairman emeritus; founders do not want to be addressed as promoters.
Several brokerages lifted their outlooks for the BSE Sensex and companies were queuing to ride the wave of political euphoria
Medha is an organisation created with the idea of bringing in better employment opportunities and life for educated youth.
FIIs pump in Rs 2,075 crore in past three trading sessions.
The economy could return to 8% growth by the end of 2017-2018, says Arvind Panagariya, vice-chairman NITI Aayog.
What is it about Arohan that puts it in the top league of microfinance institutions in the country?
Tamal Bandyopadhyay discusses his latest book Bandhan: The Making of a Bank at Bandhan headquarters in Kolkata.
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