IIFL Finance Limited, a major player in India’s non-banking financial services sector, reported a consolidated net loss of Rs. 93 crores for Q2FY25. This significant loss comes against the backdrop of a regulatory embargo imposed by the Reserve Bank of India (RBI) on its gold loan business earlier this year. The company’s standalone net loss […]
IIFL Finance, one of India’s leading non-banking finance companies (NBFC), has successfully raised JPY 7.5 billion (equivalent to US$50 million) through an external commercial borrowing (ECB) route. This transaction marks a significant inaugural JPY denominated facility for the NBFC, sourced from Mizuho Bank’s Singapore branch. Competitive Pricing and Financial Strength The funds were secured at […]
IIFL Finance unveiled its Q2FY24 financial results, revealing a notable profit after tax (PAT) of Rs. 526 Crore, marking a 32% rise from the previous year. For the quarter ending September 30, 2023, the profit before tax (PBT) stood at Rs. 684, indicating a 29% y-o-y growth. Financial Highlights from the Quarter The company showcased […]
IIFL Finance, an Indian non-banking financial company (NBFC), has secured long-term joint funding of $100 million from Deutsche Bank and Export Development Canada (EDC). IIFL Finance, which is backed by Fairfax, has obtained a sum of $50 million through Export Development Canada and $50 million from Deutsche Bank. The transaction was arranged under the auspices […]