RBI lifts restrictions imposed on gold loan business of IIFL Finance

The Reserve Bank of India (RBI) has lifted the restrictions imposed on the gold loan business of IIFL Finance. These restrictions were earlier imposed on March 04, 2024, which prohibited the Company from sanctioning, disbursing, or assigning/securitising/selling any of its gold loans.

The RBI’s decision is effective immediately and allows the Company to resume the sanctioning, disbursal, assignment, securitization, and sale of gold loans in compliance with all relevant laws and regulations.

The Company is committed to upholding the highest standards of compliance and will continue to ensure that the remedial actions taken are sustained.

IIFL Finance is an Indian diversified financial services company.