iifl finance news - Samachar Central

Share Market Highlights 12 March 2024: Sensex gains 165 pts, Nifty ends flat, realty sheds over 3%

2024-03-12 05:42 PM

Aditya Birla Capital: The board approved the amalgamation of the wholly owned unit Aditya Birla Finance with the company. The merger is subject to the sanction of the National Company Law Tribunal and other necessary approvals from the Reserve Bank of India and other shareholders. * ITC:* British American Tobacco is preparing to kick off …

RBI orders immediate ban on IIFL Finance from sanctioning, disbursing gold loans

2024-03-05 04:32 AM

The Reserve Bank of India has imposed an immediate ban on IIFL Finance from approving or disbursing gold loans due to significant supervisory concerns identified in its gold loan portfolio. RBI bars IIFL Finance from sanctioning and disbursing gold loans. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Despite this restriction, IIFL Finance is permitted to manage its existing …