Fairfax India Holdings Corporation is facing significant challenges due to its holding in IIFL Finance and the ongoing RBI special audit. IIFL Finance's gold loan business has been banned by the RBI ...
India’s 25,000-tonne household gold stock, now worth nearly 80% of GDP, is cushioning the rupee, boosting resilience and ...
Household gold holdings, now valued at nearly 80% of GDP, are supporting consumption, lending, and currency stability amid ...
BENGALURU/MUMBAI, Sept 20 (Reuters) - Shares of India's IIFL Finance (IIFL.NS), opens new tab surged 13% on Friday, after the country's central bank revoked an earlier ban on the non-bank lender's ...
MUMBAI, May 6 (Reuters) - India's IIFL Finance (IIFL.NS), opens new tab is facing a liquidity crunch as banks have turned cautious while lending to it following a clampdown on the non-bank lender's ...
Mumbai: In the first bimonthly monetary policy of FY2025-26, RBI Governor Sanjay Malhotra made a significant announcement regarding gold loans. He revealed that new rules and guidelines for gold loans ...
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India's household gold emerges as key macroeconomic shock absorber
India's 25,000-tonne household gold stockpile, valued at 80% of its GDP, has become a vital macroeconomic shock absorber, ...
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