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India, IIFL Finance and gold loan business
India's IIFL Finance jumps 13% after cenbank lifts gold loan ban
By Dimpal Gulwani and Siddhi Nayak BENGALURU/MUMBAI (Reuters) -Shares of India's IIFL Finance surged 13% on Friday, after the country's central bank revoked an earlier ban on the non-bank lender's gold loan business.
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.
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.
RBI removes restrictions on IIFL Finance’s gold loan operations
The Company is committed to upholding the highest standards of compliance and will continue to ensure that the remedial actions taken are sustained,’ added IIFL Finance.
IIFL Finance - RBI Revokes Gold Loan Ban; Likely To Take Steps To Regain Market Share: Motilal Oswal
The company could see a valuation re-rating as investors get renewed confidence in its ability to claw back its market share in gold loans, says the brokerage.
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.
RBI lifts six-month ban on IIFL Finance’s gold loan operations
The ban earlier this year was a response to certain compliance issues flagged by the RBI, aimed at ensuring that IIFL Finance aligned with regulatory standards.
IIFL Finance shares surge 11% as RBI lifts curbs on gold loan biz
The RBI's decision will allow the company to resume the sanctioning, disbursal, assignment, securitisation, and sale of gold loans, says the NBFC
India's IIFL Finance jumps 13% after cenbank lifts curb on gold loan business
Shares in India's IIFL Finance jumped about 13% on Friday, after the country's central bank lifted restrictions on the non-banking financial company's gold loan business, removing a key overhang on its financials and stock.
RBI lifts restrictions on IIFL gold loan business
The restrictions imposed by the central bank had prohibited the company from sanctioning, disbursing, or selling any of its gold loans.
IIFL Finance Shares Surge 13% As RBI Lifts Six-Month Ban On Gold Loan Business
IIFL Finance Limited shares on Friday (September 20) experiences a sharp increase in its stock price. This surge in stock prices was in response to a major announcement from the Reserve Bank of India (RBI).
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