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IIFL Finance Ltd is a diversified NBFC in India engaged in the business of loans and mortgages along with its subsidiaries.It offers a wide spectrum of products such as Home loan, Gold loan, business loan, microfinance, capital market finance and developer & construction finance, etc.
IIFL Finance has advanced its USD 300 million 7.60% fixed-rate, senior, secured notes, due 2030. These notes, part of a USD 1.5 billion Global Medium Term Note Programme, strengthen the company's funding profile for future growth.
IIFL Finance has announced a board meeting on June 27. It clarified the fund-raising proposal is solely for seeking shareholder enabling approval for future potential issuance, depending on market conditions.
IIFL Finance received a ₹0.031 Cr penalty from RBI for failing to pay surplus amounts from auctioned gold articles to certain borrowers. This stems from a March 2025 inspection. The company asserts no material financial or operational impact from the penalty.
IIFL Finance's material subsidiary, IIFL Home Finance, is set for a significant leadership change. Mr. Monu Ratra, its Executive Director and Chief Executive Officer, has resigned to pursue other career opportunities. His departure is effective October 6. This executive transition could bring implications for IIFL Home Finance's operational strategy and...