The Reserve Bank of India (RBI) directed IIFL Finance to halt sanctioning and disbursing gold loans immediately due to material supervisory concerns in the company's gold loan portfolio. However, IIFL Finance can continue servicing its existing gold loan portfolio. The RBI stated that these supervisory restrictions would be reviewed after the completion of a special audit, subject to the company's rectification of audit findings to the RBI's satisfaction. Read The Rest at :
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