The RBI's decision is effective immediately and allows IIFL Finance to resume the sanctioning, disbursal, assignment, securitisation, and sale of gold loans in compliance with all relevant laws and regulations, says the company.
IIFL Finance on Thursday said the Reserve Bank of India (RBI) has lifted restrictions imposed on the company’s gold loan business.
“RBI, through its communication dated September 19, 2024, has lifted the restrictions imposed on the gold loan business of the company. The RBI’s decision is effective immediately and allows the company to resume the sanctioning, disbursal, assignment, securitisation, and sale of gold loans in compliance with all relevant laws and regulations,” said IIFL Finance in a stock exchange filing.
RBI had imposed the restrictions on March 4, 2024.
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