RBI lifts ban on IIFL Finance's gold loan operations
Mansi Agarwal, Published on Sep 19th, 2024
The Reserve Bank of India (RBI) has lifted a ban imposed on the gold loan business of IIFL Finance, an exchange filing stated. The restrictions, imposed in March, prohibited the company from sanctioning, disbursing or selling any of its gold loans. The central bank had imposed the ban over certain material supervisory concerns.
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