Reserve Bank bars IIFL Finance from sanctioning new gold loans
New Delhi [India], March 4 (ANI): The Reserve Bank of India has directed IIFL Finance Ltd. (the company) to stop sanctioning or disbursing gold loans or assigning, securitising, or selling any of its gold loans.
This RBI order comes into effect immediately.
The company can, however, continue to service its existing gold loan portfolio through usual collection and recovery processes, the central bank said in its order on M