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IIFL Finance logo. Photo credits: www.iifl.com IIFL Finance, an NBFC providing gold loans and business loans, on Thursday (January 22, 2026) said its December quarter net profit grew multifold to ₹501 crore as compared to the year-ago period. A year ago, the profit was ₹82 crore. IIFL Finance said the Income Tax Department has directed…
RBI has been engaging with IIFL Finance’s senior management and auditors (Representational) The Reserve Bank of India on Monday ordered non-bank finance company IIFL Finance to stop sanctioning, disbursing and selling gold loans with immediate effect, citing “material supervisory concerns” in its gold loan portfolio. There were “serious deviations” in assessing the gold taken as…
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