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India, IIFL Finance and gold loan
India's IIFL Finance jumps 13% after cenbank lifts gold loan ban
By Dimpal Gulwani and Siddhi Nayak BENGALURU/MUMBAI (Reuters) -Shares of India's IIFL Finance surged 13% on Friday, after the country's central bank revoked an earlier ban on the non-bank lender's gold loan business.
IIFL Finance shares jump 13% after RBI relief on gold loan business — what lies ahead
Jefferies has upgraded IIFL Finance to 'Buy', saying that an improvement in earnings visibility will support the company's better multiples.
IIFL Finance shares surge 12% after RBI lifts restrictions on gold loan business
IIFL Finance share price gained 18.03% in the past month and surged 61.28% over six months. However, the stock posted a year-to-date decline of 9.25% and dropped 8.01% over the last year, reflecting mixed returns.
IIFL Finance share price zooms 13% as RBI lifts ban on gold finance biz
The uptick in IIFL Finance share price came after the Reserve Bank of India (RBI) lifted ban on the company's gold finance business.
RBI lifts gold loan curbs on IIFL Finance
RBI has lifted the restrictions on IIFL Finance's gold loan operations, effective immediately. These restrictions were placed in March due to irregularities in their gold loan business. IIFL Finance assures high compliance standards moving forward.
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