IIFL

2024 - 3 - 5

RBI's Strict Stance on IIFL Finance: A Roller Coaster Ride for Investors

iifl share price financial market - gold loans - IIFL Finance - RBI - Regulatory Compliance - iifl share price

RBI's recent action on IIFL Finance has caused a stir in the market, impacting share prices and investor sentiment. Find out the implications of RBI's restrictions on gold loan disbursement by IIFL Finance.

RBI's recent crackdown on IIFL Finance has sent shockwaves through the market, with shares plummeting by 20% as the Reserve Bank of India prohibited the company from issuing new gold loans. This move follows concerns raised by the RBI regarding the supervision and operations of IIFL Finance's gold loan segment. Investors saw a rapid decline in the stock value, closing at Rs 478.50, triggering a lower circuit. The sudden halt in gold loan disbursement has left many questioning the future trajectory of IIFL Finance and the impact on its financial health.

The decision by the RBI comes in the wake of regulatory violations and breaches that have led to the suspension of gold loan activities by IIFL Finance. With gold loans constituting a significant portion of IIFL Finance's assets under management, the implications of this ban on the company's overall performance are significant. Investors and analysts are closely monitoring the unfolding events surrounding IIFL Finance's operations post-RBI's intervention.

Interestingly, IIFL Finance's gold loan portfolio accounts for a substantial 32% or Rs 20,733 crore of its total assets under management as of March 31, 2023, as revealed by the company's annual report. This sheds light on the crucial role gold loans play in the company's financial structure and the potential repercussions of the RBI's ban on this key revenue stream. The market awaits further updates on how IIFL Finance navigates through this challenging period and its strategic initiatives to regain investor confidence amidst regulatory scrutiny.

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Image courtesy of "Business Today"

IIFL Finance shares in focus today as RBI asks NBFC to stop giving ... (Business Today)

Shares of IIFL Finance closed 3.35 per cent lower at Rs 595 against the previous close of Rs 618.85 on BSE. The stock opened higher at Rs 621.55.

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Image courtesy of "BQ Prime Hindi"

IIFL फाइनेंस पर RBI की सख्ती! गोल्ड लोन बांटने पर तत्काल प्रभाव से ... (BQ Prime Hindi)

हालांकि रिजर्व बैंक ने कंपनी को अपने मौजूदा लोन के लिए सेवाएं जारी रखने की छूट दी है.

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Image courtesy of "Moneycontrol.com"

IIFL Finance shares tank 20% as RBI restricts gold loan sanction ... (Moneycontrol.com)

The Reserve Bank of India (RBI) has debarred IIFL Finance from sanctioning and disbursing fresh gold loans following “material supervisory concerns” and to ...

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RBI bars IIFL Finance from disbursing gold loans with immediate ... (Livemint)

Shares of IIFL Finance were locked in a 20 percent lower circuit at ₹478.50 on Tuesday after the Reserve Bank of India (RBI) barred IIFL Finance from ...

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Image courtesy of "Reuters India"

India c.bank bars IIFL Finance from offering gold loans (Reuters India)

India's central bank on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, ...

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Image courtesy of "नवभारत टाइम्स"

अब IIFL फाइनेंस पर चला RBI का डंडा, गोल्‍ड लोन देने से रोका, वजह यह बताई (नवभारत टाइम्स)

भारतीय रिजर्व बैंक ने आईआईएफएल फाइनेंस को झटका दिया है। केंद्रीय बैंक ने तत्‍काल प्रभाव से उसे गोल्‍ड लोन बांटने से रोक दिया है।

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Image courtesy of "दैनिक जागरण"

Paytm के बाद अब IIFL Finance पर RBI का बड़ा एक्शन, नए गोल्ड लोन ... (दैनिक जागरण)

रिजर्व बैंक ने IIFL Finance के गोल्ड लोन बांटने पर तत्काल प्रभाव से रोक लगा दी है। रिजर्व बैंक ने यह फैसला कंपनी के gold loan portfolio ...

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Image courtesy of "The Economic Times"

IIFL Finance: RBI bans IIFL Finance from giving gold loans due to ... (The Economic Times)

Gold loans constitute 32% or Rs 20733 crore of IIFL Finance's total assets under management as of March 31, 2023, according to the finance company's annual ...

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Image courtesy of "The Hindu BusinessLine"

RBI directs IIFL Finance to halt gold lending, allows servicing of ... (The Hindu BusinessLine)

RBI directs IIFL Finance Ltd to cease gold loan activities due to regulatory violations, impacting customer interests.

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IIFL Finance shares fall 20%, most since demerger post RBI ... (CNBCTV18)

Gold Loans are currently 32% of IIFL Finance's overall Assets Under Management (AUM).

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Image courtesy of "Hindustan Times"

IIFL Finance Share Price today: 20% fall after RBI action. What's ... (Hindustan Times)

IIFL Finance Share Price: In the previous session, IIFL Finance shares closed 3 per cent lower at ₹598.00 on NSE.

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Image courtesy of "Business Today"

Stocks to watch out for today: Tata Motors, NTPC, IIFL Finance, Star ... (Business Today)

Sensex ended 66 pts higher at 73872 and Nifty gained 27 points to close at 22405.

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'There are no governance issues,' clarifies IIFL Finance as firm's ... (Moneycontrol.com)

RBI on Monday barred IIFL Finance from sanctioning or disbursing gold loans with immediate effect after certain material supervisory concerns were observed ...

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IIFL shares freeze at 20% lower circuit after RBI bans company from ... (Zee Business)

As of 9:54 a.m., shares of IIFL Finance slipped 20 per cent, or Rs 119.6, to Rs 478.5 apiece. The market capitalisation of the company at around the same ...

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Image courtesy of "Economic Times Hindi"

Paytm के बाद अब IIFL Finance पर चला RBI का डंडा, नए गोल्ड लोन देने पर ... (Economic Times Hindi)

गोल्ड लोन, बिजनेस लोन और पर्सनल लोन देने वाली कंपनी IIFL Finance के गोल्ड लोन पोर्टफोलियो में गड़बड़ी नजर आने के बाद आरबीआई ने यह ...

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IIFL Finance's Nirmal Jain Says No Ethical Issues At Play After RBI ... (NDTV Profit)

There are no ethical issues at play and it is just an operational issue, according to Nirmal Jain, managing director of IIFL Finance Ltd., after the RBI ...

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Paytm जैसा RBI का एक और एक्शन... अब इस कंपनी से कहा- गोल्ड लोन देना ... (आज तक)

IIFL Gold Loan Ban : बीते दिनों पेटीएम पेमेंट्स बैंक की सेवाओं पर बैन की कार्रवाई के बाद अब RBI ने एक और फाइनेंस कंपनी पर एक्शन लिया है.

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Image courtesy of "Hindustan हिंदी"

RBI ने इस NBFC पर लिया कड़ा एक्शन, शेयरों के बेचने की होड़, 20% लुढ़का ... (Hindustan हिंदी)

रिजर्व बैंक ने आईआईएफएल फाइनेंस लिमिटेड को गोल्ड लोन देने से रोक दिया है। इस फैसले का ही असर है कि आईआईएफएल फाइनेंस लिमिटेड ...

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