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Tourism Finance Corporation of India gained 6.5 percent. Thomas Cook and IFCI gained more than 3 percent.
Over the last 12 months, mid caps have delivered 19% return and over the last 5 years, mid caps have outperformed the Nifty by 70%
The Reserve Bank of India on Monday included HDFC Bank in the list of ‘too big to fail’ lenders, referred to as D-SIB or domestic systemically important bank.
India’s largest lender SBI and private sector major ICICI Bank were classified as D-SIBs in 2015.
With the inclusion of HDFC Bank in the list, there will now be three ‘too big to fail’ financial entities in the country.