Latest Iifl Finance News
Comprehensive Iifl Finance Stock Updates: Catch up on the latest Iifl Finance stock news and industry insights. Get quick details on Iifl Finance stock buybacks,Iifl Finance results, Iifl Finance company analysis, Iifl Finance live prices, Iifl Finance dividends, Iifl Finance bonus share, board meetings, lifetime highs, Iifl Finance targets, lows, and growth stories with AI.
The Economic Times
The Reserve Bank of India has lifted restrictions on IIFL Finance's gold loan business, allowing the company to resume operations. The ban was initially imposed due to supervisory concerns, including deviations in gold purity assessment and breaches in loan-to-value ratio. The lifting of the ban is expected to help recover the company's gold loan book and improve profitability.
•
Thu, Sep 19, 2024
Business Standard
RBI lifts restrictions imposed on IIFL Finance's gold loan business
On March 4, 2024, the RBI imposed restrictions on IIFL Finance after observing deviations in assaying and certifying purity and net weight of gold at time of sanctioning loans and at time of auction
•
Thu, Sep 19, 2024
The Economic Times
RBI lifts restrictions on IIFL Finance's gold loan business
The Reserve Bank of India has lifted restrictions on IIFL Finance's gold loan operations, effective immediately. This decision ends a hiatus that began on March 4, 2024. IIFL Finance is now allowed to resume its gold loan activities while adhering to all relevant laws and regulations, ensuring high standards of compliance and customer service.
•
Thu, Sep 19, 2024
CNBC TV18
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.
•
Thu, Sep 19, 2024
Mint
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.
•
Thu, Sep 19, 2024
Business Standard
Shadow lender IIFL Finance faces rating downgrade risk on gold loan ban
IIFL fell under regulatory scrutiny in March amid a crackdown on financial firms, when it was asked by RBI to stop disbursing new gold-backed lending following 'material supervisory concerns'
Business Standard
Shadow lender IIFL Finance faces rating downgrade risk on gold loan ban
IIFL fell under regulatory scrutiny in March amid a crackdown on financial firms, when it was asked by RBI to stop disbursing new gold-backed lending following 'material supervisory concerns'
Mint
‘Markets have priced in most of the good news’
Low crude oil prices would favour oil marketing companies while rate cuts could support non-banking financial companies, said R. Venkataraman, chairman of IIFL Securities.
•
Mon, Sep 16, 2024
Business Standard
Northern Arc Capital's Rs 777 cr IPO to open on Mon, price band Rs 249-263
Non-bank financial institution Northern Arc Capital on Wednesday said it has fixed a price band of Rs 249-263 per share for its upcoming Rs 777 crore initial public offering (IPO). The Chennai-based company's initial share sale will open for public subscription on September 16 and conclude on September 19. The bidding for anchor investors will open for a day on September 13. The IPO is a combination of a fresh issue of equity shares valued at Rs 500 crore and an Offer For Sale (OFS) of up to 1,05,32,320 equity shares worth Rs 277 crore, at the upper end of the price band, by investor shareholders. This aggregates the issue size to Rs 777 crore. Those offering shares through the OFS are Leapfrog Financial Inclusion India (II) Ltd, Accion Africa-Asia Investment Company, Eight Roads Investments Mauritius II Ltd, Sumitomo Mitsui Banking Corporation, 360 ONE Special Opportunities Fund (formerly known as IIFL Special Opportunities Fund) and Dvara Trust. Proceeds from the fresh issue woul
•
Wed, Sep 11, 2024
Business Standard
UR Sugar Industries Ltd leads losers in 'B' group
NDL Ventures Ltd, Fino Payments Bank Ltd, Ecos (India) Mobility & Hospitality Ltd and IIFL Securities Ltd are among the other losers in the BSE's 'B' group today, 06 September 2024.
•
Fri, Sep 6, 2024
The Economic Times
Today's MSCI index rejig can bring $5.5 billion to D-Street
"MSCI's August 2024 review changes for its standard and small-cap indices will be implemented on Friday, likely leading to $5.5 billion in net inflows," said Sriram Velayudhan, head of alternative research at IIFL. "This includes adjustments to country weightings, with India expected to gain substantially post-rebalancing."
•
Thu, Aug 29, 2024
Business Standard
Sebi proposals on F&Os may dent NSE earnings by 25%: IIFL Securities
The proposed changes include limiting weekly options contracts to one index per exchange, higher margin requirements near expiry, and a higher entry point by increasing the contract size
•
Tue, Aug 27, 2024
The Economic Times
Finarkein Analytics raises $4.75 million in funding from Nexus Venture Partners, others
Pune-based Finarkein Analytics secured $4.75 million in a pre-series A funding round led by Nexus Venture Partners. Existing investors IIFL Fintech Fund and Eximius Ventures also participated. The firm plans to use the funds for product development and expansion. Founded in 2019, Finarkein focuses on data and workflow orchestration for digital public infrastructure in India.
•
Tue, Aug 27, 2024
The Economic Times
Administrative costs of Jio, Airtel rise in Q1, Vodafone Idea's dip
As per company data and ICICI Securities estimates, Jio and Airtel's SG&A costs have risen 4.2% and 3.2% on-quarter to ₹1,455 crore and ₹2,805.6 crore, respectively, in the April-June period. Vi's quarterly SG&A expenses, in turn, have declined 3.2% sequentially to ₹1,135.4 crore, company data and IIFL Securities estimates showed.
•
Wed, Aug 14, 2024
Business Standard
IIFL Finance off-loads stressed commercial realty loans to ARC in Q1FY25
No plans to become BC for gold loan business
Business Standard
Hindenburg attacking Sebi's credibility, say Madhabi and Dhaval Buch
US-based short seller Hindenburg Research is attempting to attack Sebi's credibility and indulging in character assassination of its chairperson, Sebi chief Madhabi Puri Buch and her husband Dhaval said on Sunday. In a detailed statement issued on Sunday evening in response to allegations made by Hindenburg, the Buchs said their investment in a fund promoted by IIFL Wealth Management was as Singapore-based private citizens, and made two years before Madhabi joined Sebi as a whole-time member. They said Dhaval, a senior advisor at Blackstone since 2019, is not associated with the real estate side of the private equity major. The statement also said that Madhabi's two consulting companies immediately became "dormant" on her appointment at Sebi in 2017 as a whole-time member. "Hindenburg has been served a show cause notice for a variety of violations in India. It is unfortunate that instead of replying to the Show Cause Notice, they have chosen to attack the credibility of the SEBI an
•
Sun, Aug 11, 2024
Business Standard
No investments in Adani firms, Sebi chair not involved in fund's ops: IIFL
IPE-Plus Fund 1 never invested in Adani stocks: 360-One WAM
•
Sun, Aug 11, 2024
Business Standard
IIFL Finance Q4 results: Consolidated net profit falls 6% to Rs 431 cr
IIFL Finance on Sunday reported a 6 per cent decline in consolidated net profit to Rs 431 crore for the March quarter as the RBI barred the financial services firm from undertaking gold loan business. The company had earned a net profit of Rs 458 crore in the same quarter a year ago. The Reserve Bank of India (RBI) on March 4 barred IIFL Finance Ltd from disbursing gold loans, with immediate effect following multiple supervisory concerns, including serious deviations in assaying and certifying the purity of the yellow metal. Its consolidated total income during January-March 2024 rose to Rs 2,922 crore as compared with Rs 2,276 crore in the year-ago period, IIFL Finance said in a regulatory filing. Interest income of IIFL Finance offers a range of loans and mortgages increased to Rs 2,720 crore during the quarter, as against Rs 2,058 crore in the year-ago period. During the quarter, the gross non-performing assets (NPAs) increased to 2.3 per cent as against 1.8 per cent at the end