Fitch Ratings

Reserve Bank lifted curbs on gold loan business, says IIFL Finance

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Reserve Bank lifted curbs on gold loan business, says IIFL Finance

The Reserve Bank of India (RBI) has lifted the curbs imposed on the gold loan business of IIFL Finance with immediate effect, the company told stock exchanges on Thursday. The RBI had prohibited the company from sanctioning, disbursing, or selling any of its gold loans in March this year citing certain supervisory concerns. The central … Read more

Discoms’ poor financial health poses risks for power traders: Fitch

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Discoms’ poor financial health poses risks for power traders: Fitch

NEW DELHI: The poor financial health of state electricity boards could pose significant business risks for power traders in the country, says rating agency Fitch. In a report released today, Fitch Ratings said the credit risk of power traders has become “riskier” due to profitability and liquidity constraints faced by state power utilities. “If these … Read more