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Reserve Bank lifts ban on IIFL Finance's gold loan business
India's IIFL Finance jumps 13% after cenbank lifts gold loan ban
By Dimpal Gulwani and Siddhi Nayak BENGALURU/MUMBAI (Reuters) -Shares of India's IIFL Finance surged 13% on Friday, after the country's central bank revoked an earlier ban on the non-bank lender's gold loan business.
IIFL Shares Jump as India Regulator Lifts Ban on Its Gold Loans
IIFL Finance Ltd.’s shares surged to their highest in more than six months after India’s central bank lifted restrictions on its gold-backed lending business.Most Read from BloombergAOC Proposes $30 Billion Social Housing AuthorityThe Moonshot Plan to Eliminate Deaths on America’s RoadsCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughNew York City’s Transit System Plans $65.
IIFL Finance Shares Surge 13% As RBI Lifts Six-Month Ban On Gold Loan Business
IIFL Finance Limited shares on Friday (September 20) experiences a sharp increase in its stock price. This surge in stock prices was in response to a major announcement from the Reserve Bank of India (RBI).
India's IIFL Finance jumps 13% after cenbank lifts curb on gold loan business
Shares in India's IIFL Finance jumped about 13% on Friday, after the country's central bank lifted restrictions on the non-banking financial company's gold loan business, removing a key overhang on its financials and stock.
IIFL Finance surges over 10% after RBI lifts restrictions on gold loan business
Shares of IIFL Finance rose as much as 13 per cent to Rs 560.60 after the Reserve Bank of India ( RBI ) lifted restrictions on the company' gold loan business. The RBI had imposed restrictions on IIFL for disbursing gold loans on March 4.
IIFL Finance Soars 13% After RBI Lifts Ban on Gold Loan Segment | Growth & Expansion Plans | ET Now
AK Purwar from IIFL Finance talks about the RBI's decision to lift the ban on gold loans, the potential risks of credit downgrade and Fitch's concerns. He also discusses IIFL's growth plans and market strategy.
Gold, Fed
Gold breaks $2,600 barrier as Fed cut bets prolong historic run
Gold soared above the $2,600 level on Friday for the first time, extending a rally boosted by bets for further U.S. interest rate cuts, and rising tensions in the Middle East.
Gold rate today: Yellow metal climbs to a new peak on US Fed rate cut, weak US dollar. Experts see more upside
Spot gold price hit a new peak of $2,625 per ounce while the MCX gold rate ended at the ₹74,014 mark, ₹717 away from the all-time high of ₹74,731 per 10 gm
Gold pushes to new record, silver pops 2.5%, with Fed rate cut seen as bullish
Gold futures climbed to a fresh record high Thursday a day after the Federal Reserve launched its monetary easing cycle with a 50 basis points interest rate cut, which is seen as bullish for gold since lower borrowing costs benefit the metal,
Money Metals Exchange
17h
India Reports Record Gold Imports in August
India reported record gold imports totaling $10 billion in August. It was over a three-fold increase over the previous month.
english.mathrubhumi
16h
Gold demand to surge as India prepares for 35 lakh weddings from November-mid December
India`s wedding industry is set for a boom, with over 35 lakh weddings expected between November and December, generating an ...
1h
Vantika Agrawal saves the day for India at Chess Olympiad
India's women's chess team held the USA to a 2-2 draw, with Vantika Agrawal securing a crucial win. They must now win their ...
3d
India's trade deficit widens in August on spike in gold imports, weak exports
India's merchandise trade deficit in August widened to $29.65 billion as merchandise exports fell, dragged down by rising ...
devdiscourse
12h
India's Forex Reserves Hit New All-Time High Despite Mixed Asset Performance
India's forex reserves rose to a record USD 689.458 billion for the week ended September 13, an increase of USD 223 million.
20m
Chess Olympiad: Indian men inch closer to gold
Arjun Erigaisi fought a long battle with Shamsiddin Vakhidov after D Gukesh, R Praggnanadhaa and Vidit Gujrathi played out ...
1d
India's Gold Demand To See Boost With Upcoming Festive Season
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look ...
Bloomberg L.P.
2d
India’s IIFL Finance Faces Downgrade Risk On Gold Loan Ban
Indian shadow lender IIFL Finance Ltd is facing a threat of credit rating downgrade as early as this week, as a months-long ...
money.rediff
16h
Gold Prices Surge: Rallies Rs 700 to Rs 76,350/10g
Gold prices in India surged Rs 700 to Rs 76,350 per 10 grams, driven by global cues and increased demand ahead of festivals.
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