Business Standard

Nirmal Jain Iifl

Sebi's Buch in Hindenburg's firing line: How will markets react on Monday?

Analysts believe that these statements are mere allegations, which, at best, can trigger a knee-jerk reaction in the markets when they open for trade on Monday

Sebi's Buch in Hindenburg's firing line: How will markets react on Monday?
Updated On : 11 Aug 2024 | 5:15 PM IST

IIFL Finance Q4 results: Consolidated net profit falls 6% to Rs 431 cr

IIFL Finance on Sunday reported a 6 per cent decline in consolidated net profit to Rs 431 crore for the March quarter as the RBI barred the financial services firm from undertaking gold loan business. The company had earned a net profit of Rs 458 crore in the same quarter a year ago. The Reserve Bank of India (RBI) on March 4 barred IIFL Finance Ltd from disbursing gold loans, with immediate effect following multiple supervisory concerns, including serious deviations in assaying and certifying the purity of the yellow metal. Its consolidated total income during January-March 2024 rose to Rs 2,922 crore as compared with Rs 2,276 crore in the year-ago period, IIFL Finance said in a regulatory filing. Interest income of IIFL Finance offers a range of loans and mortgages increased to Rs 2,720 crore during the quarter, as against Rs 2,058 crore in the year-ago period. During the quarter, the gross non-performing assets (NPAs) increased to 2.3 per cent as against 1.8 per cent at the end

IIFL Finance Q4 results: Consolidated net profit falls 6% to Rs 431 cr
Updated On : 16 Jun 2024 | 4:40 PM IST

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's lending partners mull options to grow gold loan book
Updated On : 07 Mar 2024 | 11:35 PM IST

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

IIFL Finance not looking to convert into bank at this point: MD Nirmal Jain
Updated On : 13 Jun 2023 | 4:23 PM IST

IIFL Finance shares frozen at 10% upper circuit as promoter hikes stake

Nirmal Bhanwarlal Jain bought an additional 454,000 equity shares of IIFL Finance on Wednesday

IIFL Finance shares frozen at 10% upper circuit as promoter hikes stake
Updated On : 25 Jun 2020 | 12:39 PM IST

Flight to safety and quality has been investment mantra: IIFL's Nirmal Jain

Foreign portfolio investors, remain 'neutral' on India and that does not expect any material change in their flows for now, says the IIFL chairman

Flight to safety and quality has been investment mantra: IIFL's Nirmal Jain
Updated On : 03 Nov 2019 | 9:06 PM IST

We will double our businesses in less than three years: Nirmal Jain of IIFL

At a time when the IIFL is planning to reorganise and restructure its businesses, Jain shares vision, challenges and opportunities

We will double our businesses in less than three years: Nirmal Jain of IIFL
Updated On : 28 May 2018 | 10:10 AM IST

Markets can correct up to 15% from current level: IIFL chairman Nirmal Jain

Jain says long-term outlook for the Indian economy and markets is undoubtedly very positive and the country's rise is unstoppable

Markets can correct up to 15% from current level: IIFL chairman Nirmal Jain
Updated On : 23 Apr 2018 | 8:38 AM IST