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Banks not lending to IIFL Finance post RBI's action: Report
short by Debaroti Adhikary / on Monday, 6 May, 2024
IIFL Finance is facing a liquidity crunch as banks have stopped lending to its gold and other businesses after RBI took action against it, a report said. RBI had barred IIFL Finance from sanctioning new gold loans in March over alleged regulatory breaches. The report added the impact on its business is likely to be around ₹500 crore.
read more at Reuters