Tuesday, March 04, 2025 | 08:41 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Have achieved full compliance with RBI requirements: IIFL Fin's A K Purwar

All concerns raised by the RBI pertain to operational and process-related matters, AK Purwar said

A K Purwar, chairman and independent director, IIFL Finance
Premium

A K Purwar, chairman and independent director, IIFL Finance

Manojit Saha Mumbai

Listen to This Article

IIFL Finance, which is facing regulatory restrictions on extending gold loans, could see a 25-30 per cent impact on business in the coming quarters, A K Purwar, chairman and independent director, said in an email interview to Manojit Saha. Edited excerpts:

The Reserve Bank of India (RBI) has highlighted several violations of norms while asking IIFL Finance to halt gold loan sanctions and disbursement. What steps will the board take to address these gaps, and how long will it take to rectify them?

The RBI conducts regular inspections as part of its supervisory role. Recently, it identified some gaps in

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in