Reserve Bank lifts ban on IIFL Finance's gold loan business
moneycontrol.com · 19h
IIFL Finance to make slow growth in gold loan after RBI lifts curbs; profitability may be hit: Brokerages
The regulator had on September 19 lifted restrictions on the gold loan lender. This would allow the lender to restart its gold loan operations but brokerages expect that the lender would look at growing slowly as it will look at keeping all the compliance measures in check.
devdiscourse · 21h
IIFL Finance Stock Soars 13% After RBI Lifts Gold Loan Restrictions
Shares of IIFL Finance surged over 13% after the Reserve Bank of India lifted restrictions on its gold loan business. The restrictions had been in place since March 2024. The RBI's decision allows IIFL Finance to resume its gold loan operations immediately,
Indiatimes · 1d
Reserve Bank lifted curbs on gold loan business, says IIFL Finance
The Reserve Bank of India has lifted the restrictions on IIFL Finance's gold loan business, allowing the company to resume operations. The ban, imposed in March due to supervisory concerns, had led to a significant decline in IIFL's gold loan book and profits.
moneycontrol.com · 1d
RBI lifts restrictions imposed on IIFL Finance's gold loan business
Reserve Bank of India on September 19 lifted restrictions imposed on IIFL Finance Ltd's gold loan business. "The RBI's decision is effective immediately and allows the Company to resume the sanctioning, disbursal, assignment, securitization, and sale of gold loans in compliance with all relevant laws and regulations," said IIFL Finance.
devdiscourse · 15h
IIFL Finance Shares Surge as RBI Lifts Gold Loan Restrictions
Shares of IIFL Finance surged over 7 per cent after the Reserve Bank of India lifted restrictions on its gold loan business. The company's market valuation saw a significant increase, and trading volumes were substantial on both BSE and NSE.
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