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Reserve Bank lifts ban on IIFL Finance's gold loan business
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 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.
India's IIFL Finance jumps 13% after cenbank lifts curb on gold loan business
Shares in India's IIFL Finance jumped about 13% on Friday, after the country's central bank lifted restrictions on the non-banking financial company's gold loan business, removing a key overhang on its financials and stock.
IIFL Finance Soars 13% After RBI Lifts Ban on Gold Loan Segment | Growth & Expansion Plans | ET Now
AK Purwar from IIFL Finance talks about the RBI's decision to lift the ban on gold loans, the potential risks of credit downgrade and Fitch's concerns. He also discusses IIFL's growth plans and market strategy.
18h
India reports record Gold imports in August
India reported record gold imports in dollar terms, totaling $10 billion in August. It was over a three-fold increase over ...
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Gold Price Hits Record High In India, Sept 21: 24k/100 Grams Gold Jumps By Rs 8,200
Gold prices in India witnessed steep rally today amid likelihood of more US interest rate cuts and continued tensions ...
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1h
Bullion Rates Today: Gold, Silver Prices in India - Sep 21
Get the latest bullion rates for gold and silver in India as of September 21. Check the price of standard gold, ornament gold ...
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Sovereign Gold Bonds: Secondary market thrives amidst drought in primary issuances
Demand for Sovereign Gold Bonds (SGBs) rises due to scarcity, geopolitical tensions, and central banks' interest, making them ...
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Can India win gold in the FIDE Chess Olympiad 2024?
The Indian men's team are top of the standings, and the women's second, with two rounds to go. What are their chances?
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1d
Gold demand to surge as India prepares for 35 lakh weddings from November-mid December
India`s wedding industry is set for a boom, with over 35 lakh weddings expected between November and December, generating an ...
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Gold breaks $2,600 barrier as Fed cut bets prolong historic run
Gold soared above the $2,600 level on Friday for the first time, extending a rally boosted by bets for further U.S. interest ...
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India’s IIFL Finance Faces Downgrade Risk On Gold Loan Ban
Indian shadow lender IIFL Finance Ltd is facing a threat of credit rating downgrade as early as this week, as a months-long ...
devdiscourse
22h
India's Forex Reserves Hit New All-Time High Despite Mixed Asset Performance
India's forex reserves rose to a record USD 689.458 billion for the week ended September 13, an increase of USD 223 million.
4d
India's trade deficit widens in August on spike in gold imports, weak exports
India's merchandise trade deficit in August widened to $29.65 billion as merchandise exports fell, dragged down by rising ...
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1d
Gold prices near all-time high: Should you invest now or wait?
The surge in gold prices is largely attributed to the US Federal Reserve's recent decision to cut interest rates. The Fed ...
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