IIFL Finance, barred by RBI from giving gold loans, receives liquidity support from stakeholder Fairfax India Holdings Corporation. Fairfax India plans to invest up to $200 million, easing investor and lender concerns. Despite the setback, IIFL Finance remains confident in its management and compliance. Managing Director Nirmal Jain assures no liquidity issues, with ongoing collections and recovery efforts. Fairfax India’s offer comes as IIFL Finance shares tumble, signaling timely support during a crucial period.
IIFL Finance Receives Liquidity Support from Fairfax India Amid RBI Gold Loan Bar
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