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BAJFINANCE - Bajaj Finance News Story

₹3303 -27.2  -0.8%

Last Trade - 22/09/20

Sector
Financials
Size
Large Cap
Market Cap £21.04bn
Enterprise Value £32.39bn
Revenue £2.89bn
Position in Universe 12th / 3010

BUZZ-India's NBFCs rise as SBI ups loan portfolio purchase target

Wed 10th October, 2018 5:27am
** Shares of Indian non-banking financial companies (NBFC)
surge about 5-9 pct in early trade
    ** Top lender State Bank of India  SBI.NS  said on Tuesday
it will raise its target to buy "good quality" asset portfolios
from NBFCs, seeing scope to buy additional portfolio assets of
200 bln rupees ($2.69 bln) to 300 bln rupees ($4.04 bln)this
year  urn:newsml:reuters.com:*:nL4N1WP3D9
    ** Analysts believe SBI's move to give additional liquidity
cushion to NBFCs
    ** Shares of Shriram Transport Finance  SRTR.NS  up about
8.7 pct to 1,038.8 rupees in their biggest daily pct gain since
July 26.
    ** Bajaj Finance Ltd's stock  BJFN.NS  top pct gainer on NSE
index, up as much as 8.2 pct  
    ** Shares of Dewan Housing Finance Corp  DWNH.NS  rise as
much as 9.5 pct, while those of Edelweiss Financial Services Ltd
 EDEL.NS  up as much as 7.8 pct 
    ** JM Financial Ltd  JMSH.NS  stock rise as much as 7.9 and
and that of IIFL Holdings Ltd  INBF.NS  rise as much as 3 pct
    ** State Bank of India  SBI.NS  shares up 0.7 pct 
    
($1 = 74.2700 Indian rupees)

 ((Reuters Messaging:
tanvi.mehta.thomsonreuters.com@reuters.net))
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