The Ministry of Finance has written to public sector banks to reassess their gold loan procedures amid concerns over risky debt as gold prices surge, informed a senior official.
Indian stock indices touched their fresh highs on Wednesday and settled firm, tracking firm cues from banking stocks and overall stable macro-economic parameters.
Mumbai (Maharashtra) [India], March 6: Showing its strong commitment towards corporate social responsibility, the IIFL Foundation is proud to announce the launch of a free ambulance service dedicated to aiding road accident victims with the help of Yashlok Welfare Foundation and Bhaktivedant
The Reserve Bank of India has directed IIFL Finance Ltd. (the company) to stop sanctioning or disbursing gold loans or assigning, securitising, or selling any of its gold loans.
New Delhi [India], February 23: Techmagnate, a leading digital marketing agency, has released their latest report on Gold Loan Search Trends in India for FY'23.
Mumbai (Maharashtra) [India], February 5: ANAROCK, a leading Indian independent real estate consultancy, has announced an investment of ~Rs 200 Cr (USD 25 Mn) from 360 ONE Asset Management Limited (earlier known as IIFL Asset Management) (360 ONE Asset), one of India's largest alternate asse
New Delhi [India], November 23: Fairfax-backed IIFL Finance Limited, which is one of India's largest non-banking financial companies, today said that leading rating agency CRISIL has upward revised its outlook to 'Positive' from 'Stable'. The agency has also reaffirmed the long-term rating a
New York [US]/ Bangalore (Karnataka) [India], November 8: Scienaptic AI, a leading global provider of an AI-powered credit decisioning platform, announced today that IIFL Samasta will be using Scienaptic's AI-enabled Underwriting platform to enhance their Cross-sell program to their existing
Pune (Maharashtra) [India], October 12: Bajaj Markets, a subsidiary of Bajaj Finserv, has partnered with IIFL Finance to offer Gold Loan. With this collaboration, individuals across the country can get easier access to gold loans.
Mumbai (Maharashtra) [India], September 27: Data Sutram, an emerging B2B SaaS company, raised an investment of USD 3M in its latest funding round to advance its mission of helping enterprises find answers for growth. The investors have demonstrated their confidence in the team’s vision, tech
Bangalore (Karnataka) [India], August 28: FinBox, a credit infrastructure provider, has developed an AI-powered credit decisioning platform called Sentinel that has led to streamlined loan processing, enhanced efficiencies in the lending process, and improved risk monitoring.
Mumbai (Maharashtra) [India], July 6: As per Prime Database, IIFL Securities is ranked as India's No.1 investment bank for equity IPOs for the financial year ending March 2023 and in the first quarter of financial year 2024 ending in June, 2023 in terms of number of IPOs. IIFL Securities suc