RBI, gold loan business and IIFL Finance
IIFL Finance Stock Soars 13% After RBI Lifts Gold Loan Restrictions
Shares of IIFL Finance surged over 13% after the Reserve Bank of India lifted restrictions on its gold loan business. The restrictions had been in place since March 2024. The RBI's decision allows IIFL Finance to resume its gold loan operations immediately,
IIFL Shares Jump as India Regulator Lifts Ban on Its Gold Loans
IIFL Finance Ltd.’s shares surged to their highest in more than six months after India’s central bank lifted restrictions on its gold-backed lending business.Most Read from BloombergAOC Proposes $30 Billion Social Housing AuthorityThe Moonshot Plan to Eliminate Deaths on America’s RoadsCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughNew York City’s Transit System Plans $65.
India's IIFL Finance jumps 13% after cenbank lifts gold loan ban
By Dimpal Gulwani and Siddhi Nayak BENGALURU/MUMBAI (Reuters) -Shares of India's IIFL Finance surged 13% on Friday, after the country's central bank revoked an earlier ban on the non-bank lender's gold loan business.
RBI Lifts Ban On Gold Loan Business Of IIFL Finance, Bringing Huge Relief, Allowance Effective!
The RBI has lifted the ban on IIFL Finance's gold loan business, providing much-needed relief. This decision is effective immediately. Investors are now contemplating the implications of this news on IIFL Finance's brokerage,
RBI Lifts Ban On IIFL Finance’s Gold Loan Business
IIFL Finance Limited on Thursday (September 19) through an exchange filing announced that the Reserve Bank of India (RBI) has lifted the restrictions imposed on the company's gold loan business, As per the regulatory filing,
India's IIFL Finance says cenbank lifts curbs on its gold loan business
IIFL Finance said on Thursday that India's central bank has lifted the restrictions on the company's gold loan business, in what would be the removal of a key overhang on the lender. The Reserve Bank of India (RBI) in March ordered the company to stop offering gold loans,
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India's Exports See Steepest Decline In 13 Months; Gold Imports At Record High. Find Out Why?
Imports jumped by 3.3 per cent to a record high of $64.36 billion, driven by a significant increase in the inbound shipments ...
India's trade deficit widens in August on spike in gold imports, weak exports
India's merchandise trade deficit in August widened to $29.65 billion as merchandise exports fell, dragged down by rising ...
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India’s IIFL Finance Faces Downgrade Risk On Gold Loan Ban
Indian shadow lender IIFL Finance Ltd is facing a threat of credit rating downgrade as early as this week, as a months-long ...
Octa broker forecast: what factors will affect the gold rate in India
DUBAI, United Arab Emirates, Sept. 16, 2024 (GLOBE NEWSWIRE) -- The price of gold is determined by market supply and demand - ...
Top 10 countries with the largest gold reserves in 2024—check India’s rank
With the Reserve Bank of India (RBI) adding gold every month in 2024, India has one of the largest gold reserves globally.
India's Gold Demand To See Boost With Upcoming Festive Season
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look ...
Gold Prices Fall In India For 3rd Day, Sept 19: Yellow Metal Loses Glitter, Check Latest Gold Price
Gold prices in India declined for 3rd consecutive day after US Federal Reserve slashed interest rates by 50 basis points ...
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Gold prices near all-time high: Should you invest now or wait?
The surge in gold prices is largely attributed to the US Federal Reserve's recent decision to cut interest rates. The Fed ...