LIC Housing to apply for banking license, stock up

Media reports suggest that the LIC Housing has decided to apply for a banking license. The company's board has cleared the proposal.

June 21, 2013 / 12:45 IST

Shares of state-owned LIC Housing Finance gained one percent Friday on media reports that the company's board has approved the proposal of applying for banking license.

At 09:49 hours IST, the stock was quoting at Rs 259.90, up 1.05 percent on the Bombay Stock Exchange.

IDFC, Edelweiss Financial and Tourism Finance Corporation are also in the fray for getting banking license.

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All set to comply with RBI norms on banking license: IDFC
Tourism Fin Corp to seek licence from RBI to set up bank

first published: Jun 21, 2013 09:59 am

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