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Reserve Bank lifts ban on IIFL Finance's gold loan business
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.
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.
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,
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,
IIFL Finance Shares Surge 13% As RBI Lifts Six-Month Ban On Gold Loan Business
IIFL Finance Limited shares on Friday (September 20) experiences a sharp increase in its stock price. This surge in stock prices was in response to a major announcement from the Reserve Bank of India (RBI).
IIFL Finance Soars 13% After RBI Lifts Ban on Gold Loan Segment | Growth & Expansion Plans | ET Now
AK Purwar from IIFL Finance talks about the RBI's decision to lift the ban on gold loans, the potential risks of credit downgrade and Fitch's concerns. He also discusses IIFL's growth plans and market strategy.
India's IIFL Finance jumps 13% after cenbank lifts curb on gold loan business
Shares in India's IIFL Finance jumped about 13% on Friday, after the country's central bank lifted restrictions on the non-banking financial company's gold loan business, removing a key overhang on its financials and stock.
6h
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 ...
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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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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 ...
Bloomberg L.P.
1d
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 ...
2d
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.
3d
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 - ...
abp LIVE
1d
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 ...
cnbctv18
3h
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 ...
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