RBI's Review Of IIFL Finance's Special Audit May Take 4-6 Weeks To Resolve

In March, RBI had ordered IIFL Finance to stop sanctioning, disbursing and selling gold loans citing 'material supervisory concerns'.

(Source: NDTV Profit)

The Reserve Bank of India's special audit of IIFL Finance has concluded, the company informed exchanges on Tuesday. The audit findings will be submitted to the central bank for review. However, the entire process may take 4–6 weeks to resolve after submission, according to people with knowledge of the matter who spoke on condition of anonymity.

Also Read: IIFL Finance To Raise Rs 1,272 Crore Via Rights Issue

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Vishwanath Nair
Vishwanath is Editor- Banking at NDTV Profit. He started working as a busin... more
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