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RBI bars IIFL Finance from disbursing gold loans

IndiaTimes Monday, 4 March 2024
RBI on Monday ordered IIFL Finance to "cease and desist" from sanctioning or disbursing gold loans with immediate effect citing multiple "regulatory violations". The drastic action comes on the back of RBI finding irregularities during supervision, where the company appeared to be granting more loans than what the security permitted.
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