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Reserve Bank lifts ban on IIFL Finance's gold loan business
India's IIFL Finance jumps 13% after cenbank lifts curb on gold loan business
Shares in India's IIFL Finance jumped about 13% on Friday, after the country's central bank lifted restrictions on the non-banking financial company's gold loan business, removing a key overhang on its financials and stock.
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,
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,
1h
India's Gold Demand To See Boost With Upcoming Festive Season
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look ...
Newsable Asianet News on MSN
1h
Gold price FALLS on September 20: Check 22 and 24 carat rate city-wise
Gold rates declined in the domestic futures market Thursday morning, tracking weak global cues even though the US Federal ...
2d
India's trade deficit widens in August on spike in gold imports, weak exports
India's merchandise trade deficit in August widened to $29.65 billion as merchandise exports fell, dragged down by rising ...
Bloomberg L.P.
1d
India’s IIFL Finance Faces Downgrade Risk On Gold Loan Ban
Indian shadow lender IIFL Finance Ltd is facing a threat of credit rating downgrade as early as this week, as a months-long ...
45m
India's gems, jewellery sector vulnerable to money laundering: FATF
The ease with which the trade of precious metals and stones can be used to move "large amounts" of funds without leaving an ...
The Financial Express on MSN
2h
India’s wedding industry booms: 3.5 million marriages to drive over ₹4.25 lakh crore spending this season
As per Prabhudas Lilladher's report 'Band, Baaja, Baarat and Markets', factors like the recent reduction in gold import ...
1d
Top 10 countries with the largest gold reserves in 2024—check India’s rank
With the Reserve Bank of India (RBI) adding gold every month in 2024, India has one of the largest gold reserves globally.
abp LIVE
1d
India's Exports See Steepest Decline In 13 Months; Gold Imports At Record High. Find Out Why?
Imports jumped by 3.3 per cent to a record high of $64.36 billion, driven by a significant increase in the inbound shipments ...
2d
India’s Trade Gap Widens in August as Exports Slow
India’s trade deficit widened in August with a fall in exports due to a global slowdown, while imports climbed as domestic ...
ThePrint
1d
High Gold imports has driven India’s trade deficit to 10-month high in August
The surge in trade deficit in the month of August was primarily driven by record Gold imports totalling USD 10.1 billion, ...
1h
India Gold price today: Gold rises, according to FXStreet data
The price for Gold stood at 6,968.89 Indian Rupees (INR) per gram, up compared with the INR 6,949.19 it cost on Thursday. The ...
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