IIFL Finance

Muthoot, Manappuram Finance fall over 8% on RBI’s advisory on cash disbursal; here’s what it means for gold financiers

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Muthoot, Manappuram Finance fall over 8% on RBI's advisory on cash disbursal; here's what it means for gold financiers

Shares of gold financing companies – Muthoot Finance, and Manappuram Finance – were trading under pressure on Thursday after the Reserve Bank of India (RBI) sent the companies an advisory concerning cash disbursal of loans. The RBI has instructed Non-Banking Financial Companies (NBFCs) to strictly follow the provisions of the Income Tax Act regarding cash … Read more

From Indian Hotels to IIFL Finance: Motilal Oswal lists 9 top midcap investment ideas for April

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From Indian Hotels to IIFL Finance: Motilal Oswal lists 9 top midcap investment ideas for April

Presently, India finds itself amidst a favourable convergence of macro and micro factors, including subdued inflation rates, stable crude oil prices, decreasing 10-year G-sec yields, a steady currency, and robust corporate earnings. In the short term, market movements will likely be influenced by two main factors:  The results of the upcoming Lok Sabha elections scheduled … Read more

IIFL takes corrective measures after RBI rap

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IIFL takes corrective measures after RBI rap

Mumbai: IIFL Finance has taken several corrective measures to set its house in order after Reserve Bank of India’s diktat to stop disbursing gold loans. The non-bank lender has announced a capital raising plan to boost its capital adequacy and also changed its board and management to improve governance and compliance. In an exchange filing … Read more