IIFL Finance faces a liquidity crunch following RBI’s halt on its gold loan business. With sanctioned credit lines not released and fresh sanctions halted, the NBFC is affected. The company’s gold loan portfolio, amounting to Rs 24,692 crore, is a key revenue generator, but regulatory concerns have impacted its operations. Despite initial plans for a $400 million bond issue being cancelled, founder Prem Watsa infused $200 million for immediate liquidity. The RBI-appointed external auditor is conducting an audit expected to conclude in three to four weeks.