RBI had imposed the restrictions on IIFL Finance on March 4, 2024.The RBI’s decision is effective immediately and allows IIFL Finance to resume the sanctioning, disbursal, assignment, securitisation, and sale of gold loans in compliance with all relevant laws and regulations, says the company.IIFL Finance on Thursday said the Reserve Bank of India (RBI) has lifted restrictions imposed on the company’s gold loan business.“RBI, through its communication dated September 19, 2024, has lifted the restrictions imposed on the gold loan business of the company. The RBI’s decision is effective immediately and allows the company to resume the sanctioning, disbursal, assignment, securitisation, and sale of gold loans in compliance with all relevant laws and regulations,” said IIFL Finance in a stock exchange filing.RBI had imposed the restrictions on March 4, 2024.Mohammad HarisHaris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experi…Read More
RBI Lifts Curbs Imposed on IIFL Finance’s Gold Loan Business – News18
Related Posts
EU chief travels to Kyiv with promise of fresh energy funds to get Ukraine through winter
BRUSSELS — European Union chief Ursula von der Leyen is traveling to war-ravaged Ukraine on Friday with the promise of 160 million euros ($180 million) in fresh energy funds to…
Nike CEO John Donahoe is out, replaced by company veteran Elliott Hill
John Donahoe, CEO of Nike, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2024.Brendan…