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