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India s IIFL Finance facing liquidity crunch after gold loan business curbs

In early March, the Reserve Bank of India (RBI) ordered IIFL Finance to stop sanctioning, disbursing and selling gold loans, citing ‘material supervisory concerns’ in its gold loan portfolio.

Unveiling the shadowy side of surging gold loans: Will the RBI move to protect customers?

IIFL Finance facing liquidity crunch after gold loan business curbs, could see Rs 500-cr hit: Report

In early March, RBI ordered IIFL Finance to stop sanctioning, disbursing and selling gold loans

Kotak Mahindra Bank: RBI bars Kotak Bank from adding customers digitally

The Reserve Bank of India (RBI) has imposed strict restrictions on Kotak Mahindra Bank, a third-most valued private bank in India, for failing to fix its IT systems over the past two years. The bank was asked to stop functions cited "with immediate effect" and assured customers that there would be no interruption to services. Kotak Mahindra Bank has taken measures to strengthen its IT systems and will continue to work with the RBI to resolve balance issues at the earliest.

No worries over co-lending ties with IIFL Finance after RBI action: DCB Bank s outgoing MD

On March 4, the Reserve Bank of India (RBI) had asked IIFL Finance to stop sanctioning or disbursing gold loans upon observing certain material supervisory concerns in the company s gold loan portfolio.

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