Reserve Bank lifts ban on IIFL Finance's gold loan business
moneycontrol.com · 16h
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.
Indiatimes · 21h
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.
Zee Business · 19h
Gold financiers trade mixed as RBI lifts ban on gold financing biz of IIFL Finance; Muthoot Finance and Manappuram trade lower
Even as the gold loan business of IIFL Finance, global brokerage did not has any material evidence showing benefit being drawn by other players in the industry.
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 · 13h
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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