RBI lifts gold loan curbs on IIFL Finance
Thursday, 19 September 2024
RBI has lifted the restrictions on IIFL Finance's gold loan operations, effective immediately. These restrictions were placed in March due to irregularities in their gold loan business. IIFL Finance assures high compliance standards moving forward. As of December 2023, their gold loan portfolio was Rs 24,692 crore, representing 32% of their total loans.
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