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
Rajesh Sharma, MD, Capri Global Capital Limited, says they have done some restructuring of the loan during the COVID time because as per the RBI circular, some of the customers have opted for the restructuring option available to them. When the restructuring book opened as a normal book, once the restructuring is over, some of … Read more
AK Purwar, Chairman & Independent Director, IIFL Finance, says RBI pointed out certain gaps in our systems. Let me put it that the gold loan business which we are having, the practices, systems, processes is all as per present industry standards and present industry norms. RBI suggested certain changes which we have in a way … Read more
