The Reserve Bank of India has lifted its restrictions on IIFL Finance’s gold loan business, effective immediately. These limitations were placed in March 2024 and prevented various gold loan activities. IIFL Finance has pledged to uphold high compliance standards moving forward. The company’s shares declined by 5.75%, closing at Rs 498.40 on the BSE.
Related Posts
India poised to become world’s 4th largest economy by 2026; GDP to grow 6.8% in FY25: PHDCCI
- staff
- January 15, 2025
- 0
India’s economy is projected to become the fourth largest globally by 2026, surpassing Japan. The PHD Chamber of Commerce and Industry anticipates a GDP growth […]
3 housing firms penalized for non-compliance of RBI directions
The Reserve Bank of India has imposed fines on three housing firms for non-compliance with financial regulations. Godrej Housing, Aadhar Housing Finance Ltd, and Housing […]
Xi Jinping: China’s 2024 GDP growth set to hit target of around 5%
China’s GDP is expected to grow around 5% in 2024, says President Xi Jinping. The economy showed stability despite uncertainties, aided by stimulus measures. Xi […]