After Paytm,Now RBIHas Banned the Business of IIFL Finance
RBI Bans IIFL Finance
After Paytm, RBI takes major action against IIFL Finance. Dive into the details of the ban on gold loan disbursement, impacting the company's stock.
Gold Loan Portfolio Restrictions
RBI bans IIFL Finance on March 4, targeting gold loan violations. Delve into the company's other business amidst the regulatory clampdown.
Share Price Impact
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The company's share price plummeted by 3.94%, closing at Rs 598. Explore the implications on stock performance over the last 5 days.
Financial Snapshot
IIFL Finance's financial snapshot, revealing a market cap of Rs 22,816.50 crore. Analyze its one-month and one-year performance for resilience insights.
Regulatory Findings
RBI uncovered irregularities in:- Gold checks,- Exceeded loan-to-value ratios,- Breached cash transaction limits- Found transparency issues in customer charges.