IDFC Bank-Capital First Merger Gets NSE Approval; Shares Gain

IDFC Bank-Capital First Merger Gets NSE Approval; Shares Gain
Shares of the Mumbai-based private sector lender rose as much as 2.6 percent to Rs 48.75 and the consumer finance firm, Capital First rose as much as 3.5 percent, the most in over a month, to Rs 640 after their merger got a nod from the National Stock Exchange.           

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Banks Extend Gains After Government Cuts Borrowing Plan

Banks Extend Gains After Government Cuts Borrowing Plan

Shares of government and private sector lenders were trading higher after the government cut its first half borrowing plan to 48 percent of its budgeted borrowings.

Gauge of state-run lenders — Nifty PSU Bank index rose 1.4 percent and the gauge for banks — Nifty Bank index gained 0.87 percent.

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