IIFL Finance share price NSE India

IIFL Finance Share Price dropped by 20% for the second time in a row. This happened because the Reserve Bank of India (RBI) decided to stop the company from giving out gold loans on Monday. Now, IIFL Finance's shares are at their lowest point in a year.

RBI Bans IIFL Finance from Gold Loan Operations

The RBI told IIFL Finance to stop giving out gold loans because they found some problems during their inspection. They found issues like not properly checking the gold's purity, exceeded loan-to-value limits, and conducted excessive cash transactions, leading to RBI's ban on gold loans.

Financial Report of IIFL Finance in the past five years

– The money coming in (revenue) has increased by 5.49% each year, but the industry average growth is higher at 10.36%. – The profit after all expenses (net income) has gone up by 13.55% yearly, but the industry's average growth is much higher at 30.87%. – Our piece of the market pie (market share) has shrunk from 22.8% to 16.68% over these five years.

About IIFL Finance Limited

IIFL Finance Limited, also known as IIFL, is a major player in India's financial services sector. It operates along with its subsidiary companies: IIFL Home Finance Limited, IIFL Samasta Finance Limited (formerly known as Samasta Microfinance Limited), and IIFL Open Fintech Private Limited.

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