INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of non-banking financial companies (NBFCs) were trading mixed in morning trade on Monday ahead of the much speculated
Reserve Bank of India board meeting.
The board of the central bank will meet today to discuss a host of issues including the necessity for a
special liquidity window for NBFCs and MSME credit to the central bank's reserves.
Of the 18 members on the board, five are from the RBI,
including four deputy governors
The remaining are nominated and include economic affairs secretary Subhash Chandra Garg and Tata Sons chairman N Chandrasekaran
causing a credit squeeze for micro, small and medium enterprises (MSMEs), which employ millions, ET reported.
Shares of Motor General
Finance (up 10.88 per cent), Dolat Investments (up 9.90 per cent), Sahara Housing (up 9.76 per cent), Pankaj Piyush Trade Investment (up
8.58 per cent) and LKP Securities (up 6.82 per cent) were among the top gainers in the NBFC space
Joindre Capital Serivces (down 10 per cent), TCI Finance (down 9.91 per cent), Shalibhadra Finance (down 7.36 per cent), Comfort Intech
(down 6.19 per cent) and Pioneer Invest Corp (down 6.10 per cent) were among the top NBFC losers
