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Piramal Finance and IIFL in exploratory talks for an MFI deal: Sources

EY is said to be conducting a due diligence on IIFL Samasta Finance. IIFL Capital and DAM Capital have been appointed as bankers to the deal.

IIFL Capital Services stock soars 13% amid top management rejig

Nemkumar H, IIFL Capital Services' Managing Director and member of board, has stepped down to focus exclusively on business development, and is now the designated Chief Growth Officer.

IIFL Finance may see a drop in annual earnings, Fitch says

Earlier this month, IIFL Finance reported an 8% fall in loan assets under management to Rs 71,410 crore ($8.24 billion) for the first nine months of the fiscal year that ends in March

Funding BSV Deal: Mankind Pharma picks Kotak, IIFL for upto Rs 3,000 crore QIP

Mankind Pharma sealed the Rs 13,630 crore acquisition of private equity firm Advent International owned Bharat Serums and Vaccines (BSV) in July.

CRISIL’s upgrades IIFL Finance’s outlook to stable, reaffirms long-term rating on debt instrument and bank facilities

The ratings agency said that the action follows lifting of the regulatory embargo on the gold loan business of IIFL Finance and said that post this, the non-bank lender is expected to regain its market share.

IIFL Finance to make slow growth in gold loan after RBI lifts curbs; profitability may be hit: Brokerages

The regulator had on September 19 lifted restrictions on the gold loan lender. This would allow the lender to restart its gold loan operations but brokerages expect that the lender would look at growing slowly as it will look at keeping all the compliance measures in check.

IIFL, which facilitated Buch's investment through convoluted structures, has a history of clashes with RBI, SEBI

This is not the first time that IIFL has found itself at the receiving end in terms of allegations related to governance levels. The recent past has seen both RBI and SEBI pull up IIFL for violations of the regulatory framework put in place by the banking and the capital markets watchdogs.

IIFL Finance needs to focus on other verticals as RBI clamps down on gold loan: Experts

The lender in the January-March quarter of financial year 2023-24 reported a 10 percent year-on-year (YoY) drop in net profit.

3 investors sell major stakes in Edelweiss, IIFL, Paytm weeks before RBI crackdown: Report

Though there is no clear link between the sale of shares and the RBI action, a proxy adviser has called the move 'odd' and another said the market regulator should look into the reason behind investors' trimming stakes

Lenders await clarity from RBI, IIFL Finance before reviewing co-lending deals

On March 4, RBI stopped IIFL Finance from sanctioning and disbursing fresh gold loans over material supervisory concerns.

RBI, Sebi action will have a positive effect on financial services sector, says Mahindra's Anish Shah

Several financial institutions, including IIFL Finance, Paytm Payments Bank, and JM Financial, have come under intense regulatory scrutiny, sparking concerns across the financial sector.

IIFL Finance net profit jumps 32% to Rs 526 crore

Total income grew 33 per cent to Rs 1,599.3 crore, the company said, adding its asset quality improved with gross Non-Performing Assets (NPAs) falling to 1.8 per cent from 2.4 per cent and net NPAs improving to 1 per cent from 1.2 per cent.

IIFL Fintech Fund buys 51% in supply chain platform Xtracap for Rs 25 cr

This is the fund's first investment in a supply chain finance firm, the company said in a statement without disclosing any financial details of the transaction.

IIFL Finance offers Rs 180 cr ESOP to 4,000 employees

This is the largest such Employee Stock Option (ESOP) scheme for frontline employees across industries and the first in the Banking Finance Services and Insurances (BFSI) sector, the company said in a statement.