RBI, gold loan business and IIFL Finance
IIFL Finance shares rise 12% as RBI lifts restrictions on gold loan business
IIFL Finance stock surged 12.33% to Rs 555.25 against the previous close of Rs 494.30. Market cap of the firm climbed to Rs 22,972 crore.
RBI removes restrictions on IIFL Finance’s gold loan operations
IIFL Finance Ltd, on Thursday, announced that the Reserve Bank of India (RBI) has removed the restrictions previously placed on its gold loan business.
IIFL Finance shares rally 12% as RBI lifts curbs on gold loan business
IIFL Finance shares surged 12.3% after the Reserve Bank of India lifted restrictions on its gold loan business. The company can now resume sanctioning, disbursing, and selling gold loans, following compliance with relevant laws.
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 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,
RBI may do what Fed has done with rates. But you need to wait
The Reserve Bank of India may consider a rate cut by February 2025, following the US Federal Reserve's recent 50 basis points ...
ThePrint1h
RBI may go for a rate cut in Feb 2025 as inflation is still above 4 pc: SBI research
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The Financial Express5hOpinion
RBI unlikely to cut rates soon, but prolonged elevation could harm economy
Our central bank may not immediately follow what Fed has done, but rates should not remain elevated for very long.
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 ...
ThePrint5h
US Fed’s rate cut is likely good news for India. It may also help neutralise RBI’s stance
US & Indian policy rates have seen similar trajectory. With Fed’s rate cuts, difference between interest rates in India & US ...
India’s Das Tames Once-Volatile Rupee With $689 Billion Reserves
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India can achieve sustainable growth of up to 8% in the coming years, central bank chief says
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The relationship between Fed and RBI policies may not be that simple, shows data
RBI and Fed policies have seldom moved in tandem; also, a Moneycontrol poll shows that RBI may wait till December before ...