India's IIFL Finance jumps 13% after cenbank lifts gold loan ban
By Dimpal Gulwani and Siddhi Nayak BENGALURU/MUMBAI (Reuters) -Shares of India's IIFL Finance surged 13% on Friday, after the country's central bank revoked an earlier ban on the non-bank lender's gold loan business.
IIFL Finance Shares Surge 13% As RBI Lifts Six-Month Ban On Gold Loan Business
IIFL Finance Limited shares on Friday (September 20) experiences a sharp increase in its stock price. This surge in stock prices was in response to a major announcement from the Reserve Bank of India (RBI).
IIFL Finance to make slow growth in gold loan after RBI lifts curbs; profitability may be hit: Brokerages
The regulator had on September 19 lifted restrictions on the gold loan lender. This would allow the lender to restart its gold loan operations but brokerages expect that the lender would look at growing slowly as it will look at keeping all the compliance measures in check.
IIFL Finance surges over 10% after RBI lifts restrictions on gold loan business
Shares of IIFL Finance rose as much as 13 per cent to Rs 560.60 after the Reserve Bank of India ( RBI ) lifted restrictions on the company' gold loan business. The RBI had imposed restrictions on IIFL for disbursing gold loans on March 4.
IIFL Finance shares jump 13% after RBI relief on gold loan business — what lies ahead
Jefferies has upgraded IIFL Finance to 'Buy', saying that an improvement in earnings visibility will support the company's better multiples.
IIFL Finance shares surge 11% as RBI lifts curbs on gold loan biz
The RBI's decision will allow the company to resume the sanctioning, disbursal, assignment, securitisation, and sale of gold loans, says the NBFC
Leading the Charge: The Art of Living's Innovative Solutions to India's Water Crisis
While the scale of India's water crisis is overwhelming, The Art of Living's approach goes beyond numbers and statistics - it ...
Ashwin, Jadeja dig India’s cricketers out of trouble against Bangladesh in 1st test in Chennai
Ravichandran Ashwin scored his sixth test hundred as he and Ravindra Jadeja dug India's cricketers out of trouble against ...
Sport Dominates as India’s Premium Streaming Market Recovers to Reach $1 Billion Half-Year Revenues, Says Report
Revenues from India’s premium video-on-demand sector surged by 38% to generate $1.04 billion in the first half of this year, ...
India approves development of reusable launcher, space station module
"Great news for the space sector!" Indian Prime Minister Narendra Modi posted on X. Collectively, the projects authorized by ...
CNBC's Inside India newsletter: Will India's lofty manufacturing ambitions bear fruit?
As the 10th anniversary of the Make in India initiative nears, CNBC's Inside India takes a look at how the nation's ...
India's HDB Financial Services to raise $299 mln via IPO
India's HDB Financial Services, a unit of HDFC Bank , has approved raising 25 billion rupees ($299 million) through a fresh ...
India bowled out for 376 on Day 2 of 1st test as Mahmud picks up 5-83 for Bangladesh
Bangladesh pace bowler Hasan Mahmud picked up his second five-wicket haul in a row as India was bowled out for 376 runs in ...
India’s Das Tames Once-Volatile Rupee With $689 Billion Reserves
India’s central bank chief Shaktikanta Das has pulled off a rare balancing act: Clamping down on volatility in the rupee ...
India rejects report on transfer of ammunitions to Ukraine as 'speculative'
A Reuters report claims that Indian-made artillery shells were diverted to Ukraine by some European countries.
Anti-money laundering watchdog calls on India to speed up prosecutions
The global anti-money laundering watchdog, the financial Action Task Force (FATF) urged India on Thursday to speed up its ...
Dancing, drums and rituals: with zeal and joy, India celebrates Hindu festival Ganesh Chaturthi
Huge crowds of devotees gathered across India this month to celebrate the Hindu festival Ganesh Chaturthi, marking the birth ...