Fairfax India Holdings Corporation has committed to provide up to USD 200 million liquidity support to IIFL Finance after the Reserve Bank of India barred the non-bank lender to disburse gold loans.

Banking & Finance

Fairfax India Holdings Corporation has committed to provide up to USD 200 million liquidity support to IIFL Finance after the Reserve Bank of India barred the non-bank lender to disburse gold loans. IIFL Finance offers a range of loans and mortgages. The latest directions from the RBI pertain to only the gold loan business.


      Fairfax India holds about 15 percent of IIFL Finance's shares.

     

     

 

     


          ____________________________