After RBI curbs on its gold loans, IIFL Finance tight on liquidity

Banks are in wait-and-watch mode and have not been lending to IIFL for gold and its other businesses. The impact of the curbs is likely to be around Rs 500 crore.

6 May, 20242 min
0
After RBI curbs on its gold loans, IIFL Finance tight on liquidity

You may also like

Business
Story image

Why Kotak Mahindra Bank is in a hurry to swallow IDBI

As growth flatlines, acquisition of the government-controlled lender may be the only way out for the Uday Kotak-promoted bank to stay relevant.

Business
Story image

Ujjivan has to change its DNA for a universal banking licence

Cutting its decades-old reliance on microfinance loans is the only way the SFB can meet the regulator’s conditions for transitioning to a full-fledged bank

Business
Story image

Karnataka Bank urgently needs a permanent CEO

For the past three months, the Mangaluru-based private sector lender hasn’t had a full-time chief executive. But finding a successor is as important as fixing the bank’s worrying financials.