Reserve Bank lifted curbs on gold loan business, says IIFL Finance

September 20, 2024

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. The company can now comply with all relevant laws and regulations.

More To Explore

True North, Krishnan Ramachandran sell 10% stake in Niva Bupa Health for Rs 1,507 crore

Private equity firm True North and Niva Bupa Health Insurance chief Krishnan Ramachandran divested a combined 10 per cent stake in the health insurer for

June 2, 2025

Other income boosts performance of banks in Q4 amid muted growth in core operations

While a majority of the banks reported double-digit net profit growth for the March 2025 quarter, it was largely driven by a robust increase in

June 2, 2025

Advertiser Disclosure

Great-investor.com helps users across the globe to find out The latest news, Guides, and Info about finance and investments. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data.

Disclaimer

It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While great-investor.com has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by great-investor.com, nor shall it bias our reviews, analysis, and opinions. Please see our General Disclaimers for more information

Top10 International FZ LLE | 17th Floor, Creative Tower | 4422 | Fujairah | TRN: 100608946800003