19Negative
Serious
Neutral
Optimistic
Positive
- Total News Sources
- 3
- Left
- 1
- Center
- 1
- Right
- 1
- Unrated
- 0
- Last Updated
- 21 min ago
- Bias Distribution
- 33% Center
The Reserve Bank of India (RBI) has lifted the restrictions on IIFL Finance's gold loan operations, which were imposed in March 2024 due to 'material supervisory concerns'. This decision allows IIFL to resume all facets of its gold loan business, including approval and disbursement processes, with immediate effect. Despite this positive development, IIFL Finance's shares saw a decline of approximately 5.75% on the day of the announcement, reflecting market concerns about compliance and operational stability. The company has committed to upholding high compliance standards and has taken corrective measures during the scrutiny period. The lifting of the ban is expected to enhance IIFL's position in the gold loan sector, which is crucial to its business model. Rating agencies had previously placed the company on a negative watch due to the earlier restrictions, further complicating its operational environment.
- Total News Sources
- 3
- Left
- 1
- Center
- 1
- Right
- 1
- Unrated
- 0
- Last Updated
- 21 min ago
- Bias Distribution
- 33% Center
19Negative
Serious
Neutral
Optimistic
Positive
Stay in the know
Get the latest news, exclusive insights, and curated content delivered straight to your inbox.