It is sometimes very disturbing. So, I used to feel very disturbed. But as a banker, if you ask me, I mean, my qualification is as a banker. So, as a banker, I used to feel very happy inside that we have very extremely professional regulator who would not let go a thing unless and until they have more than 200% satisfied themselves on whether the rectifications have been properly carried out,

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.

In a much-needed relief for IIFL Finance, the Reserve Bank of India (RBI) has lifted ban on its gold loan business. Post the ban lift, Jefferies estimates the company's profits to grow at 50% CAGR over FY25-27.

The RBI's decision will allow the company to resume the sanctioning, disbursal, assignment, securitisation, and sale of gold loans, says the NBFC

Shares of IIFL Finance soared 11% on Friday after the Reserve Bank of India reversed the restrictions on the company's gold loan business. What Happened: IIFL Finance in an exchange filing said RBI lifted the restrictions imposed on the gold loan business of the company.

The uptick in IIFL Finance share price came after the Reserve Bank of India (RBI) lifted ban on the company's gold finance business.

RBI has lifted the restrictions on IIFL Finance's gold loan operations, effective immediately. These restrictions were placed in March due to irregularities in their gold loan business. IIFL Finance assures high compliance standards moving forward.

In an exchange filing, the company said, “the RBI's decision to lift restrictions is effective immediately and allows the company to resume sanctioning, disbursal, assignment, securitisation, and sale of gold loans in compliance with all relevant laws and regulations.