RBI Relief TO IIFL Finance: बैंकिंग सेक्टर के रेगुलेटर भारतीय रिजर्व बैंक ने आईआईएफल फाइनेंस को बड़ी राहत दी है. आरबीआई ने आईआईएफल फाइनेंस के गोल्ड लोन बिजनेस पर लगी रोक को वापस ले लिया है. स्टॉक एक्सचेंजों के पास रेगुलेटरी फाइलिंग में कंपनी ने ये जानकारी दी है.
#iiflfinance #rbi #goldloans #goldloanbusiness #businessnews
#businessnews #stockmarket #sharemarket #marketnews #latestbusinessnews
~PR.147~ED.70~HT.334~
#iiflfinance #rbi #goldloans #goldloanbusiness #businessnews
#businessnews #stockmarket #sharemarket #marketnews #latestbusinessnews
~PR.147~ED.70~HT.334~
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NewsTranscript
00:00It is considered very easy to take a loan by mortgaging the gold lying at home.
00:09It is known as gold loan or loan in place of gold.
00:12Many companies work in this segment, one of which was banned and now RBI has removed the ban on the same company.
00:20Which is this company? What is it? Let's know the whole news in the video.
00:24In fact, the regulator of the banking sector, RBI, has given a lot of relief to IIFL Finance.
00:29RBI has taken back the ban on the gold loan business of IIFL Finance.
00:34The company has given this information to the stock exchanges in the regulatory filing.
00:39IIFL Finance told the stock exchange in the regulatory filing that the Reserve Bank of India has informed on September 19, 2024
00:48that the ban on the gold loan business of IIFL Finance Ltd. has been removed.
00:54On March 4, 2024, RBI banned the gold loan business of IIFL Finance Ltd. from selling or securitizing.
01:07The company told the exchanges that this decision of RBI has been implemented immediately.
01:13Under the rules and regulations, the company has been given permission to sell gold loans under the Diversion, Assignment, Securitization and Compliance.
01:24And the company can start it again.
01:27IIFL Finance said that the company is now banned from upholding the high standards of compliance.
01:33And it will ensure that the important steps that have been taken should be carried out in an orderly manner.
01:39Now let's tell you why RBI finally imposed this ban.
01:44On March 4, 2024, the Reserve Bank of India immediately banned the gold loan business of IIFL Finance.
01:53However, the company was given permission to continue the collection and recovery process from keeping the gold loan portfolio active.
02:03In its investigation, RBI found serious irregularities in gold purity and weight while approving the loan in the gold loan portfolio of IIFL.
02:13In the loan to value ratio, RBI also found a breach, after which this action was taken against the company.
02:21But now the ban has been removed.
02:23And if you want to take a loan in exchange for gold, you can apply through IIFL.
02:30That's all in the video. How did you find this information? Do tell us by commenting.
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03:00Thank you for watching it.