Straits Times Index
3,409.14 +41.24 (+1.22%) S&P 500
5,509.01 +33.92 (+0.62%) Dow
39,331.85 +162.33 (+0.41%) Nasdaq
18,028.76 +149.46 (+0.84%) Bitcoin USD
60,403.04 -2,196.27 (-3.51%) CMC Crypto 200
1,308.18 -26.74 (-2.00%)
IIFL Finance Limited (IIFL.BO)
| Previous close | 520.60 |
| Open | 526.50 |
| Bid | 518.75 x 0 |
| Ask | 519.35 x 0 |
| Day's range | 513.65 - 535.65 |
| 52-week range | 313.25 - 704.20 |
| Volume | |
| Avg. volume | 233,077 |
| Market cap | 220.155B |
| Beta (5Y monthly) | 0.63 |
| PE ratio (TTM) | 11.69 |
| EPS (TTM) | 44.41 |
| Earnings date | 25 Jul 2024 - 29 Jul 2024 |
| Forward dividend & yield | 3.89 (0.75%) |
| Ex-dividend date | 25 Jan 2024 |
| 1y target est | N/A |
- Reuters
India's IIFL Finance facing a liquidity crunch after gold loan business curbs, sources say
MUMBAI (Reuters) -India's IIFL Finance is facing a liquidity crunch as banks have turned cautious while lending to it following a clampdown on the non-bank lender's gold loan business, a senior official and two bankers told Reuters. Banks have stopped lending to IIFL Finance's gold and other businesses, the official said, adding that the impact of the curbs on the overall business is likely to be around 5 billion rupees ($60 million). IIFL Finance did not immediately respond to a Reuters' email seeking comment.
- Reuters
IIFL Finance's cenbank-directed audit starts after March gold loan ban
IIFL Finance said a special audit directed by the Reserve Bank of India (RBI) started on Tuesday, about one-and-a half month after the country's central bank barred the non-bank finance company from disbursing gold loans. In early March, the RBI ordered IIFL Finance to stop sanctioning, disbursing and selling gold loans, citing "material supervisory concerns" in its gold loan portfolio, raising liquidity concerns among its investors and lenders. Since the order, IIFL has lost nearly 30% in market value.
- Reuters
India's IIFL Finance to raise $152 million via share sale amid ban on gold loans
India's IIFL Finance will raise 12.72 billion rupees ($152 million) by selling shares, the non-bank lender said on Wednesday, aiming to shore up capital a month after the central bank barred it from offering gold loans. In mid-March, IIFL had said it would raise up to 15 billion rupees via a rights issue, which gives preferential treatment to existing shareholders, but had not finalised the amount. That plan came nine days after the Reserve Bank of India (RBI) ordered the company to stop sanctioning, disbursing and selling gold loans due to "material supervisory concerns" in its portfolio.
