RBI directs IIFL Finance to stop issuing gold loans 'immediately'
The RBI’s probe found certain material supervisory concerns in the company’s gold loan portfolio
The RBI’s probe found certain material supervisory concerns in the company’s gold loan portfolio
After a steady fall since June 16 following the U.S. Fed meet, gold prices have begun another trek. This time, thanks to the Basel-lll rules that reclassified gold to a tier 1 zero-risk weight.
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.