Tue, January 28, 2025
[ Tue, Jan 28th 2025 ]: ProPakistani
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[ Tue, Jan 28th 2025 ]: AOL
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[ Tue, Jan 28th 2025 ]: techUK
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[ Tue, Jan 28th 2025 ]: MyJoyOnline
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[ Tue, Jan 28th 2025 ]: Oneindia
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[ Tue, Jan 28th 2025 ]: Forbes
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[ Tue, Jan 28th 2025 ]: AgWeb
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[ Tue, Jan 28th 2025 ]: MoneyWeek
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[ Tue, Jan 28th 2025 ]: Forbes
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[ Tue, Jan 28th 2025 ]: AOL
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[ Tue, Jan 28th 2025 ]: Indiatimes
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[ Tue, Jan 28th 2025 ]: rnz
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[ Tue, Jan 28th 2025 ]: Kiplinger
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[ Tue, Jan 28th 2025 ]: Reuters
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[ Tue, Jan 28th 2025 ]: cnbctv18
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[ Tue, Jan 28th 2025 ]: Reuters
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[ Tue, Jan 28th 2025 ]: cnbctv18
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[ Tue, Jan 28th 2025 ]: MSN
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[ Tue, Jan 28th 2025 ]: Firstpost
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[ Tue, Jan 28th 2025 ]: Reuters
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[ Tue, Jan 28th 2025 ]: MSN
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[ Tue, Jan 28th 2025 ]: MSN
IIFL Finance shares plunged 9% today; here's why
Mon, January 27, 2025
[ Mon, Jan 27th 2025 ]: Forbes
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[ Mon, Jan 27th 2025 ]: Couriermail
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[ Mon, Jan 27th 2025 ]: legit
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[ Mon, Jan 27th 2025 ]: Investopedia
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[ Mon, Jan 27th 2025 ]: Investopedia
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[ Mon, Jan 27th 2025 ]: AOL
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[ Mon, Jan 27th 2025 ]: bnnbloomberg
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[ Mon, Jan 27th 2025 ]: Forbes
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[ Mon, Jan 27th 2025 ]: Newsweek
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[ Mon, Jan 27th 2025 ]: Kiplinger
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[ Mon, Jan 27th 2025 ]: Reuters
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[ Mon, Jan 27th 2025 ]: MSN
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[ Mon, Jan 27th 2025 ]: AOL
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[ Mon, Jan 27th 2025 ]: inc42
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[ Mon, Jan 27th 2025 ]: Reuters
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[ Mon, Jan 27th 2025 ]: Mint
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[ Mon, Jan 27th 2025 ]: cnbctv18
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IIFL Finance shares plunged 9% today; here's why

IIFL Finance shares experienced a significant drop of 9% on March 6, 2024, following a directive from the Reserve Bank of India (RBI) to halt new gold loan sanctions. This decision was made due to concerns over the company's adherence to regulatory standards in its gold loan operations. The RBI's action was prompted by issues such as discrepancies in gold purity and weight assessments, and non-compliance with Loan-to-Value (LTV) ratio norms. Despite this, IIFL Finance is allowed to continue servicing its existing gold loan portfolio. The stock opened at ₹500.95 and hit an intraday low of ₹451.10, reflecting investor concerns over the potential impact on the company's future earnings and its ability to manage its gold loan business effectively.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/topstories/iifl-finance-shares-plunged-9-today-here-s-why/ar-AA1xYrm9 ]