IIFL Finance, JM Financial shares tank up to 5% amid RBI probe
The RBI has floated two separate tenders for the appointment of auditors to audit the two companies.
The RBI has floated two separate tenders for the appointment of auditors to audit the two companies.
Fairfax India Holdings Corporation announced its commitment to provide liquidity support worth $200 million to the company, amidst the Reserve Bank of India's (RBI) ban on issuing gold loans.
Jefferies has downgraded IIFL Finance to ‘Hold’ from ‘Buy’, while cutting its target price to ₹435 from ₹765 estimated earlier.
The RBI has raised material supervisory concerns in IIFL Finance’s gold loan portfolio
The RBI’s probe found certain material supervisory concerns in the company’s gold loan portfolio
Index ELSS will provide investors with the dual advantage of earning passive returns from equity as well as availing 80C benefits on investments up to Rs 1,50,000.
The Sensex and Nifty are set to fall in opening trade on Tuesday, in line with global equities and negative trends on SGX Nifty Futures.
IIFL Finance will issue secured redeemable non-convertible debentures (NCDs) worth ₹5,000 crore on a private placement basis
The Sensex and Nifty are set to open lower on Friday, following weak cues from global peers and negative trends on the SGX Nifty futures.
Shares of IIFL Finance gained 4.5% to ₹340.35 apiece on Monday amid a report that sovereign wealth fund ADIA is in talks to acquire a minority stake in IIFL Home Finance.