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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
10h
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 ...
11h
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 ...
Hosted on MSN
35m
India to become world's third largest economy by 2030-31: report
By bno - Mumbai Office India is on course to become the third-largest global economy by fiscal 2030–31, according to a report ...
3h
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 ...
18h
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 ...
3h
‘Stree 2’ Is The Highest-Grossing Hindi Film Of All Time In India
Indian stars Rajkummar Rao, Shraddha Kapoor and Pankaj Tripathi have delivered the highest-ever box office collection for a ...
20m
What does the EY India Chairman say amid the government probe into employee death?
EY India Chairman Rajiv Memani expressed regret for not attending the 26-year-old employee’s funeral, whose death is alleged ...
19h
on MSN
India markets regulator bars Axis Capital from acting as banker for new debt issues
India's markets regulator on Thursday barred Axis Capital from acting as a merchant banker for new debt issues on the alleged ...
France 24 on MSN
18h
Exclusive-Ammunition from India enters Ukraine, raising Russian ire
NEW DELHI (Reuters) -Artillery shells sold by Indian arms makers have been diverted by European customers to Ukraine and New ...
20h
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 ...
1d
on MSN
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, ...
12h
on MSN
Hema committee report: Why are India's biggest film stars silent?
But the messages of solidarity and support have come largely from women - and critics say the silence of powerful men, ...
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