RBI governor reiterates listing requirement for top NBFCs as focus intensifies on Tata Sons
Bank of India is in focus.
· Economic Times Markets, ET Stocks
India's central bank governor said on Friday non-bank finance companies classified in the upper layer are required to list on the stock market, reiterating the Reserve Bank of India's stance on the listing of Tata Sons without commenting directly on the company.
The analysis
Against that, the stock is -3.8% on the day at ₹131.00, and has returned -5.4% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -4.2% over the same period, so Bank of India is running 1.2 points behind its peers.
For Bank of India, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- With RBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The company directly in focus is BANKINDIA.
- Sector exposure: Banks.
In this story
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