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RBI, IIFL and gold loan
RBI removes restrictions on IIFL Finance’s gold loan operations
The Company is committed to upholding the highest standards of compliance and will continue to ensure that the remedial actions taken are sustained,’ added IIFL Finance.
RBI lifts gold loan curbs on IIFL Finance
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.
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,
RBI lifts restrictions on IIFL gold loan business
The restrictions imposed by the central bank had prohibited the company from sanctioning, disbursing, or selling any of its gold loans.
RBI lifts curbs on IIFL Finance
In an exchange filing, the company said, “the RBI's decision to lift restrictions is effective immediately and allows the company to resume sanctioning, disbursal, assignment, securitisation, and sale of gold loans in compliance with all relevant laws and regulations.
Reserve Bank lifts ban on IIFL Finance's gold loan business ahead of festive season
The private sector non-banking financial company (NBFC) said that the RBI's decision is effective immediately and allows it to resume providing gold loans, according to the regulatory filing.
RBI lifts six-month ban on IIFL Finance’s gold loan operations
The ban earlier this year was a response to certain compliance issues flagged by the RBI, aimed at ensuring that IIFL Finance aligned with regulatory standards.
30m
RBI approves re-appointment of V Vaidyanathan as IDFC First Bank MD for 3 years
The Reserve Bank of India (RBI) on Thursday approved the re-appointment of V Vaidyanathan as MD, CEO of IDFC First Bank for a ...
1h
Shohei Ohtani shatters Dodgers records with epic 3-homer, 10-RBI game vs. Marlins
Shohei Ohtani, in addition to joining the 50-50 club, broke a number of Dodgers records with his three-homer, 10-RBI game ...
8h
With Fed cutting rate, will the RBI follow suit? Analysts weigh in
The Federal Reserve’s 50 basis points (bps) rate cut has raised expectations of ripple effects on India’s economy and ...
1d
on MSN
RBI governor Shaktikanta Das has his task cut out as Fed surprises with a 50 basis point rate cut
For the RBI, the global interest rate easing cycle comes with its own set of challenges. If a global rate-cutting cycle ...
6d
RBI Governor Signals No Policy Change Despite Inflation Dip
Reserve Bank of India Governor Shaktikanta Das said policymakers must remain steadfast amid some softening in inflation in ...
devdiscourse
1d
RBI Hesitant on Rate Cut Amid Food Inflation Concerns
The Reserve Bank of India (RBI) is unlikely to lower the benchmark policy rate in 2024 due to uncertainties over food ...
1h
Shohei Ohtani eclipses 50/50 in absurd 3-HR, 2-SB, 10-RBI performance
Shohei Ohtani becomes the first 50/50 player in MLB history with an unreal six-hit, 10-RBI game as the Dodgers clinch a ...
2d
Pete Alonso after five-RBI game in win over Nationals: 'I don't think it comes down to one individual it's a group effort'
Prior to Tuesday night's game, Pete Alonso called a team meeting and said to his teammates, "not so many people saw us here ...
CBSSports.com
13h
Pirates' Nick Yorke: Tallies first run, RBI
Yorke went 2-for-4 with an
RBI
, a stolen base and a run scored in Wednesday's loss to the Cardinals. Yorke reached on an infield single in his second trip to the plate before stealing second, though ...
11h
RBI to conduct VRR as liquidity turns deficit after over two months
Consequently, the RBI announced on Thursday that it plans to conduct a 14-day variable rate repo (VRR) auction on Friday ...
2h
Shohei Ohtani does it! Dodgers star first to 50-50 mark in three-homer, 10-RBI day
Shohei Ohtani becomes the first player to achieve 50 home runs and 50 stolen bases in a single season as the Dodgers beat ...
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