RBI Bars IIFL Finance From Sanctioning, Disbursing New Gold Loans

Name: RBI Bars IIFL Finance From Sanctioning, Disbursing New Gold Loans
Uploaded: 2024-01-01T00:00:00+00:00
Duration: 5 min
Description: Published On: March 05, 2024 - The Reserve Bank of India (RBI) on Monday asked IIFL Finance to stop the sanctioning and disbursement of gold loans, citing 'material supervisory concerns' observed in the non-bank financier's gold loan portfolio.

2024 • 5min • News • Business

Informative

Published On: March 05, 2024 - The Reserve Bank of India (RBI) on Monday asked IIFL Finance to stop the sanctioning and disbursement of gold loans, citing 'material supervisory concerns' observed in the non-bank financier's gold loan portfolio.