Page 2 - Iifl Group

IIFL Finance to raise $152 million via share sale amid ban on gold loans

IIFL's gold loans under management stood at 24,692 crore rupees as of December 31

RBI's special audit to probe regulatory breaches of IIFL Finance, JMFPL

Banking regulator seeks interest from Sebi-empanelled audit firms to conduct the audit

After RBI restriction, Fitch puts IIFL Finance on negative rating watch

"The move reflects a downside risk to IIFL Finance's franchise, profitability and overall risk profile if regulatory restrictions on new gold-backed lending are prolonged," Fitch said in a note

IIFL Finance planning Rs 1,500 cr rights issue to shore up capital adequacy

Adds two directors on board, rejigs top management

Cross-check with multiple lenders for accurate valuation of gold loan

For fairer assessment, select a lender that uses an external assayer

IIFL Finance's lending partners mull options to grow gold loan book

This follows the Reserve Bank of India's (RBI's) restrictions on non-banking financial companies (NBFCs) from engaging in gold loan business

IIFL Finance board to consider fundraise on March 13 after RBI clampdown

IIFL Finance had said that Fairfax India had agreed to invest up to $200 million of liquidity support on terms to be mutually agreed upon and subject to applicable laws and regulations

IIFL Finance jumps 10% after 2-day losses on Fairfax fund's infusion plan

IIFL Finance is among India's top two NBFCs in the gold loan business. It has a gold loan portfolio of Rs 24,692 crore, which was 32 per cent of its total loans of Rs 77,444 cr, as at Q3FY24

Fairfax India agrees to give IIFL Finance up to $200 mn liquidity support

NBFC's stock falls another 20% after RBI bars it from disbursing gold loans

Fairfax India agrees to give IIFL Finance up to $200 mn liquidity support

NBFC's stock falls another 20% after RBI bars it from disbursing gold loans

Taking steps to meet RBI's concern: IIFL Fin after ban on giving gold loans

Company has enough liquidity and there is no governance at play, says NBFC's managing director

NBFC lender 360 One Prime to raise Rs 1,000 cr from reedemable NCDs

Non-banking financial company 360 One Prime, formerly IIFL Wealth, on Monday said it will raise up to Rs 1,000 crore debt through its maiden public issue of secured, redeemable, Non-Convertible Debentures (NCDs). The first tranche of the issue, which will be listed on the BSE, will open for subscription on January 11, with a base issue size of Rs 200 crore and an option to retain over-subscription of up to Rs 800 crore, the company in a statement said. The proceeds from the issue will be used for onward lending, financing/refinancing existing debt and interest payment of existing borrowings and other general corporate purposes. The company offers a coupon rate of 8.91-9.66 per cent per annum, depending on the tenor -- 18, 24, 36, and 60 months with monthly and annual interest payment options across eight series -- Karan Bhagat, Founder, and Chief Executive of the company, said. 360 One Prime is a wholly-owned subsidiary of 360 One WAM, which was formerly known as IIFL Wealth ...

NBFCs begin provisioning for AIF exposure after RBI tightens norms

Piramal to adjust Rs 3,164 cr; IIFL Finance sees Rs 161 cr impact

IIFL Finance Q2FY24 results: Consolidated net profit up 32% to Rs 526 cr

The company's non-fund based income, including fees and commissions, rose by 24 per cent year-on-year to Rs 598 crore in the reporting quarter

IIFL Fintech Funds marks first exit after selling stake in TrustCheckr

IIFL Fintech Fund was established in August 2021, with a corpus of Rs 210 crore and sponsorship from two group companies - IIFL Finance and IIFL Securities

IIFL Finance raised $175 million in June from HSBC, Union Bank and BoB

With a borrowing of $100 million in March, the total borrowing in 2023-24 (FY24) so far has reached $275 million

IIFL Securities plunges 18% as Sebi bars onboarding new clients for 2 years

The SEBI has prohibited the Company from onboarding new clients for a period of two years in respect of its business as a stock broker.

SEBI can't afford to be reactive, says order in IIFL Securities matter

SEBI said the notice has violated the provisions of SEBI 1993 Circular in various ways to clearly disregard the basic premise of the said circular both in letter and spirit

Sebi bans IIFL Securities from onboarding new clients for two years

Brokerage was mixing clients' funds with proprietary funds, says Sebi order

IIFL Finance not looking to convert into bank at this point: MD Nirmal Jain

India's economic environment is positive and liquidity has become 'fairly benign', he says