IIFL Finance facing liquidity crunch after gold loan business curbs, could see Rs 500-cr hit: Report
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Reuters
May 06, 2024 / 03:20 PM IST
Reuters Tags: #Gold Loans #IIFL Finance
first published: May 6, 2024 03:20 pm Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
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In early March, RBI ordered IIFL Finance to stop sanctioning, disbursing and selling gold loans
Soon after the curbs, IIFL Finance canceled a proposed $400 million dollar bond fundraising plan