NEW DELHI: IIFL Finance on Thursday mentioned RBI has lifted the restrictions imposed on its gold mortgage enterprise. These restrictions had been imposed on March 4, 2024, which prohibited the corporate from sanctioning, disbursing, or assigning/ securitising/ promoting any of its gold loans.
“The Reserve Financial institution of India (RBI), by way of its communication dated September 19, 2024, has lifted the restrictions imposed on the gold mortgage enterprise of IIFL Finance Ltd,” IIFL Finance mentioned in a regulatory submitting.
The RBI’s determination is efficient instantly and permits the corporate to renew the sanctioning, disbursal, task, securitisation, and sale of gold loans in compliance with all related legal guidelines and rules.
“The corporate is dedicated to upholding the very best requirements of compliance and can proceed to make sure that the remedial actions taken are sustained,” IIFL Finance mentioned.
Shares of IIFL Finance settled 5.75 per cent decrease at Rs 498.40 apiece on the BSE.
“The Reserve Financial institution of India (RBI), by way of its communication dated September 19, 2024, has lifted the restrictions imposed on the gold mortgage enterprise of IIFL Finance Ltd,” IIFL Finance mentioned in a regulatory submitting.
The RBI’s determination is efficient instantly and permits the corporate to renew the sanctioning, disbursal, task, securitisation, and sale of gold loans in compliance with all related legal guidelines and rules.
“The corporate is dedicated to upholding the very best requirements of compliance and can proceed to make sure that the remedial actions taken are sustained,” IIFL Finance mentioned.
Shares of IIFL Finance settled 5.75 per cent decrease at Rs 498.40 apiece on the BSE.
