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IIFL Finance Reports Strong Q2 Results with 61% Jump in Net Profit to Rs 418 Crore

IIFL Finance's consolidated net profit for Q2 FY2024 rose 61% to Rs 417.94 crore. Total income for H1 increased to Rs 6,268.46 crore, with the loan book growing to Rs 60,150.58 crore. The company maintained a 4.18 debt-equity ratio, with GNPA at 2.14% and NNPA at 1.02%. The board approved new appointments: Pranav Dholakia as Head of Construction and Real Estate, and Rahul Sanklecha as Chief Risk Officer, effective November 1, 2023.

30Oct 25

IIFL Home Finance Bolsters Leadership: Girish Kousgi Takes Helm as MD and CEO

IIFL Finance's subsidiary, IIFL Home Finance, has appointed Girish Kousgi as its new Managing Director and Chief Executive Officer, effective October 30, 2025. Kousgi brings nearly three decades of leadership experience in banking and financial services. He will oversee IIFL Home Finance's operations, including home loans, non-home loans, MSME loans, and construction finance. Previously, Kousgi held senior positions at PNB Housing Finance, Can Fin Homes, Tata Capital Financial Services, IDFC Bank, and ICICI Bank. IIFL Home Finance, a leading player in affordable housing finance, has served over 4.54 lakh customers since inception, focusing on underserved geographies.

28Oct 25

IIFL Finance to Redeem Non-Convertible Debentures Series D27 Ahead of Schedule

IIFL Finance Limited has announced the early redemption of its Secured Rated Listed Redeemable Non-Convertible Debentures (NCDs) Series D27. The company will exercise the call option on December 3, 2025, a year before the original maturity date. Debenture holders as of November 17, 2025 (record date) will receive Rs. 1,00,000 per NCD plus accrued interest. The redemption amount will be credited directly to the bank accounts linked to debenture holders' demat accounts. This move may lead to reduced interest expenses, improved debt-to-equity ratio, and enhanced financial flexibility for IIFL Finance.

17Oct 25

Fitch Upgrades IIFL Finance's Outlook to Positive, Affirms B+ Rating

Fitch Ratings has revised IIFL Finance Limited's long-term rating outlook from Stable to Positive, while affirming its senior secured debt rating at 'B+'. The positive outlook is based on expected improvements in business and risk profiles, asset quality, and funding diversity over the next two years. However, Fitch notes near-term challenges including elevated credit costs and potential strain from rapid loan expansion. The company recently overcame RBI-imposed restrictions on its gold loan business.

08Oct 25

IIFL Home Finance Welcomes Girish Kousgi as New MD & CEO

IIFL Finance has announced the appointment of Girish Kousgi as the new Managing Director and Chief Executive Officer of its subsidiary, IIFL Home Finance. This leadership change marks a significant development for the company, which operates in India's housing finance sector. The appointment is expected to bring new strategic direction to IIFL Home Finance, potentially influencing its business approach and market focus.

30Sept 25

IIFL Finance Raises ₹500 Crore Through Perpetual Debentures at 9.90% Coupon Rate

IIFL Finance Limited has successfully raised ₹500 crore by allotting 500 perpetual, unsecured, non-convertible debentures (NCDs) with a face value of ₹1 crore each. The debentures, approved by the company's Finance Committee, carry a 9.90% annual coupon rate and will be listed on the National Stock Exchange. These NCDs have no fixed maturity date, with the company retaining a call option after 10 years, subject to RBI approval. Annual interest payments are set to begin from September 30, 2026. This move strengthens IIFL Finance's capital base and demonstrates its ability to access capital markets effectively.

06Sept 25

IIFL Finance to Close ₹500 Crore NCD Issue Early on April 11

IIFL Finance Limited is closing its public issue of Non-Convertible Debentures (NCDs) on April 11, nearly two weeks earlier than initially planned. The issue aims to raise up to ₹500 crore within a larger shelf limit of ₹2,500 crore. The NCDs are secured, rated, listed, and redeemable with a face value of ₹1,000 per debenture. The issue has a base size of ₹100 crore with a green shoe option of up to ₹400 crore. Investors can subscribe until 3:00 p.m. on April 11.

05Sept 25

IIFL Finance Raises INR 125 Crores Through NCDs and Secures Shareholder Approval for Further Capital Raising

IIFL Finance Limited has raised INR 125 crores through the issuance of Secured Redeemable Non-Convertible Debentures (NCDs) via private placement. The NCDs carry an 8.50% coupon rate with a tenor of up to 1 year and 10 days. Shareholders have also approved a resolution for future capital raising through qualified institutions placement and the appointment of Mr. T S Ramakrishnan as a Non-Executive Nominee Director.

03Sept 25

IIFL Finance to Raise ₹300 Crore Through Perpetual Debt Issue

IIFL Finance Limited's board has approved a ₹300 crore perpetual debt issue through private placement. The issue includes unsecured, non-convertible perpetual debentures with a base size of ₹50 crore and a green-shoe option of up to ₹250 crore. The debentures, with a face value of ₹1 crore each, will be listed on the National Stock Exchange. This move aims to strengthen the company's capital base and provide long-term funding stability. The issuance includes a call option after 10 years, subject to RBI approval.

07Aug 25

IIFL Finance Reports Mixed Q1 Results: Gold Loans Surge, Asset Quality Challenges Persist

IIFL Finance reported Q1 profit after tax of Rs 274.00 crores, up 9% QoQ but down 19% YoY. Consolidated loan AUM grew 21% YoY to Rs 83,889.00 crores. Gold loan business surged 85% YoY to Rs 27,274.00 crores. Gross NPAs stood at 2.3%, with challenges in MSME and microfinance segments. The company discontinued unsecured MSME and micro-LAP businesses. IIFL Finance targets 20% overall AUM growth for the full year with a 3% ROA. Credit costs expected to be around 3% for the year.

30Jul 25

IIFL Finance Reports Strong Q1 Results: PAT Up 9% QoQ, Gold Loans Surge 30%

IIFL Finance Limited announced its Q1 financial results, showing significant growth. Consolidated PAT increased 9% QoQ to ₹274.00 crore. AUM grew 7% QoQ to ₹83,889.00 crore, with Gold loan AUM surging 30% QoQ and 85% YoY to ₹27,274.00 crore. Home Loans and MSME Loans saw YoY growth, while Microfinance AUM declined. Revenue from operations rose 12.7% YoY. The company received RBI approval for new branches and is focusing on AI initiatives and digital transformation.

30Jul 25

IIFL Finance Reports Strong Q1 FY26 Results, Announces Key Leadership Changes

IIFL Finance Limited posted robust financial results for Q1 FY26, with a consolidated net profit of ₹274.17 crore and total income of ₹2,959.30 crore. The company reported an EPS of ₹5.49, a debt-equity ratio of 3.86, and GNPA of 2.34%. IIFL Finance also announced key leadership changes, including Mayank Sharma as Chief AI & Innovation Officer, K S Praveen as Head of Internal Audit, and Binay Kumar Mishra as Head of Legal. The company allotted 4,13,897 equity shares under employee stock option schemes and maintained regulatory compliance for its Secured Non-Convertible Debentures.

22Jul 25

IIFL Finance Announces Retirement of Arun Kumar Purwar as Non-Executive Director

IIFL Finance Limited announced the retirement of Arun Kumar Purwar from his position as Non-Executive Director, effective July 18, 2025. The decision was approved by shareholders at the company's 30th Annual General Meeting (AGM) with 99.99% of valid votes in favor. IIFL Finance has informed stock exchanges about this development in compliance with SEBI regulations.

19Jun 25

IIFL Finance Board Greenlights ₹600 Crore NCD Issuance via Private Placement

IIFL Finance's Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) worth ₹600 crore through private placement. This move aims to strengthen the company's capital base. The NCDs, being fixed-income instruments that cannot be converted into equity shares, are likely targeted at specific investors such as institutional buyers or high net-worth individuals.

17Jun 25

IIFL Finance Strengthens Board with Former RBI Deputy Governor B.P. Kanungo

IIFL Finance has appointed Shri B.P. Kanungo, former Deputy Governor of the Reserve Bank of India (RBI), to its board. Kanungo brings extensive experience in India's financial sector, regulatory landscape, and monetary policies. This strategic move is expected to strengthen IIFL Finance's governance, provide valuable industry insights, and enhance the company's ability to navigate regulatory complexities. The appointment signals IIFL Finance's commitment to maintaining high standards of corporate governance and regulatory compliance in the non-banking financial sector.

16Jun 25

IIFL Finance Strengthens Board with Former RBI Deputy Governor B.P. Kanungo

IIFL Finance, a leading NBFC, has appointed B.P. Kanungo, former Deputy Governor of the Reserve Bank of India, to its board of directors. This strategic move is expected to enhance the company's regulatory insights and financial expertise. Kanungo's appointment could strengthen IIFL Finance's governance structure, improve regulatory compliance, refine risk management strategies, and provide valuable strategic guidance. The addition of a former high-ranking RBI official to the board may also boost investor confidence and the company's reputation in financial markets.

16Jun 25

IIFL Finance Appoints Former RBI Deputy Governor BP Kanungo to Board

IIFL Finance has appointed BP Kanungo, former Deputy Governor of the Reserve Bank of India (RBI), as an independent director for a five-year term. Kanungo will replace AK Purwar on the board. This appointment comes about a year after IIFL Finance faced a gold loan ban by the RBI, which was later lifted. Kanungo's expertise in risk management and governance is expected to strengthen IIFL Finance's board as it navigates the regulatory landscape of the Indian financial sector.

10Jun 25

IIFL Finance Plans ₹600 Crore NCD Issuance to Boost Retail Lending

IIFL Finance's board has approved the issuance of secured redeemable Non-Convertible Debentures (NCDs) up to ₹600 crore through private placement in one or more tranches. This move aims to augment long-term resources and support lending growth, particularly in retail segments such as gold loans, home finance, and business loans. The initiative reflects IIFL Finance's strategy to strengthen its position in the retail lending market and meet increasing credit demand while maintaining a robust financial structure.

05Jun 25

IIFL Finance to Consider Raising ₹100 Billion Through Non-Convertible Debentures

IIFL Finance's Board of Directors will meet on June 10 to discuss a proposal for raising up to ₹100 billion (₹10,000 crore) through the issuance of Non-Convertible Debentures (NCDs). This potential fundraising initiative could significantly enhance the company's financial resources without diluting existing shareholder equity. NCDs are fixed-income debt instruments that typically offer higher interest rates compared to traditional fixed deposits.

30May 25

DFS Proposes Exemption for Small Gold Loans from New Norms, Potential Impact on Muthoot Finance

The Department of Financial Services (DFS) has proposed excluding gold loans below Rs 2 lakh from upcoming gold loan norms. This could significantly affect gold loan providers like Muthoot Finance. The proposal aims to ease regulatory burden on small ticket borrowers and lenders. If implemented, it could increase accessibility to gold loans, require operational adjustments for lenders, and potentially alter market dynamics in the small ticket gold loan segment.

21May 25

IIFL Finance Approves Issuance of Secured Non-Convertible Debentures Worth ₹200 Crore

IIFL Finance has approved the issuance of secured non-convertible debentures (NCDs) worth ₹200.00 crore. This move aims to raise capital for the company's operations and potential growth initiatives without diluting existing shareholder equity. The decision reflects IIFL Finance's strategy to manage its debt portfolio and indicates investor confidence in the company's financial stability.

16May 25

IIFL Finance to Consider Terms for ₹100 Billion NCD Issuance

IIFL Finance's board will meet on May 21 to discuss terms for issuing Non-Convertible Debentures (NCDs) worth ₹100 billion (₹10,000 crore). This significant fundraising move could boost the company's capital base, support lending activities, and potentially refinance existing debt. The outcome of this meeting will be crucial for investors and market analysts, as it reflects IIFL Finance's growth strategy and confidence in its business model.

12May 25

IIFL Finance Reports Q4 FY25 Results: PAT Dips 44% YoY, Gold Loans Show Strong Recovery

IIFL Finance's Q4 FY25 results show a 44% YoY decrease in PAT to Rs 200.00 crore, but exceeded market expectations. Revenue declined 11.22% YoY to Rs 2,594.30 crore, while EBITDA fell 8.24% to Rs 1,529.60 crore. The company's Gold AUM grew 40% QoQ, with projections of 25-30% growth in gold loans for FY26. Jefferies maintains a 'buy' rating, forecasting ROE improvement to 14.5% by FY27.

08May 25

IIFL Finance Q4 Results: Net Profit Declines YoY, Shows Sequential Recovery

IIFL Finance's Q4FY25 results show a 76.70% YoY decline in net profit to ₹38.40 crore, but a 141% QoQ increase. Net interest income fell 40% YoY to ₹546.60 crore. Gold loan AUM grew 40% sequentially to ₹21,022 crore. The company reported an annual net loss of ₹409.60 crore for FY25. Despite challenges, IIFL maintains a strong CRAR of 18.50% and a liquidity buffer of ₹5,216 crore.

05May 25

IIFL Finance Takes ACRE to Court in ₹1,000 Crore Asset Recovery Dispute

IIFL Finance has filed a lawsuit against Assets Care and Reconstruction Enterprise (ACRE) in the Bombay High Court over a ₹1,000 crore asset recovery dispute. IIFL alleges that ACRE suspended recovery operations, misused trust funds, and continued charging fees despite halting recovery efforts, violating RBI guidelines. This legal battle highlights issues in the asset reconstruction sector and could have significant implications for bad loan management and regulatory compliance in India's financial services industry.

02May 25

IIFL Finance to Consider Non-Convertible Securities Issuance for FY 2025-26

IIFL Finance Limited has announced a board meeting for May 8, 2025, to review and approve financial results for the quarter and year ended March 31, 2025. The board will also consider issuing non-convertible securities via private placement for FY 2025-26. A trading window closure is in effect for designated persons until 48 hours after the results are made public.

09Apr 25

IIFL Finance's Gold Loan Portfolio Reaches 21% of Total Lending

IIFL Finance, a major player in Indian financial services, has disclosed that gold loans make up 21% of its total loan portfolio. This significant portion highlights the company's strategic focus on gold-backed lending, reflecting its diversification strategy, commitment to asset-backed lending, response to market demand, and approach to liquidity management. The emphasis on gold loans aligns with broader trends in the Indian financial services sector.

05Apr 25

IIFL Finance Launches ₹500 Crore NCD Public Issue, Allots 3.43 Lakh Equity Shares Under ESOP

IIFL Finance Limited is set to launch a public issue of Non-Convertible Debentures (NCDs) to raise up to ₹500 crore, with coupon rates up to 10.25% p.a. and tenors ranging from 15 to 60 months. The company has also allotted 3,43,214 equity shares under its Employee Stock Option Plan (ESOP), increasing its equity base to 42,48,59,784 shares.

04Apr 25

IIFL Finance to Raise Up to ₹500 Crore via Public Issue of Non-Convertible Debentures

IIFL Finance plans to raise up to ₹500 crore through a public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs). The base issue is ₹100 crore with a green shoe option of ₹400 crore. The NCDs will open on April 7, 2025, and close on April 23, 2025, offering tenures from 15 to 60 months with a maximum yield of 10.25% per annum. Funds will be used for onward lending, refinancing existing debt, and general corporate purposes. IIFL Finance, an NBFC-ML, reported a consolidated AUM of ₹71,410.19 crore as of December 31, 2024, with a GNPA of 2.42% and NNPA of 1.01%.

13Mar 25

IIFL Finance Boosts NCD Issue Size to ₹700 Crore, Enhancing Capital Raising Efforts

IIFL Finance Limited has increased its Non-Convertible Debentures (NCDs) issuance plan to up to 70,000 NCDs, with a potential total value of ₹700 crore. This includes a base issue of ₹425 crore and a green shoe option of up to ₹275 crore. The NCDs are secured, listed, rated, and redeemable, with a face value of ₹1,00,000 per NCD. They will be listed on the National Stock Exchange of India Limited. The company has included investor safeguards such as additional interest for payment defaults and an event of default clause.

10Mar 25

IIFL Finance: Board to Consider NCD Issuance Amid Women Empowerment Drive

IIFL Finance Limited has scheduled a board meeting on March 13, 2025, to consider issuing Non-Convertible Debentures (NCDs) via private placement, potentially raising up to Rs. 10,000 crore. Simultaneously, the company has rebranded seven branches as all-women staffed 'Shakti' branches, aiming to empower women in finance through employment, financial literacy programs, and support for women entrepreneurs.

04Mar 25

IIFL Finance Aims to Raise $150 Million Through Dollar Bond Reissue

IIFL Finance plans to raise up to $150 million by reissuing its 8.75% 2028 dollar-denominated bonds, with expected yields between 8.30% and 8.40%. The funds will be used to enhance lending operations and expand market share, particularly following the Reserve Bank of India's lifting of restrictions on the company's gold loan business in September. This move aims to capitalize on new growth opportunities and strengthen IIFL's position in India's financial services sector.

28Feb 25

IIFL Finance Approves Issuance of Non-Convertible Debentures Worth Rs 150 Crore

IIFL Finance Limited's Finance Committee has approved the issuance of Non-Convertible Debentures (NCDs) worth up to Rs 150 crore. The issuance includes a base issue of Rs 75 crore and a green-shoe option for an additional Rs 75 crore. The NCDs will be secured, listed, rated, and redeemable, with a face value of Rs 1,00,000 per NCD. They will be issued through private placement and listed on the National Stock Exchange of India Limited. In case of default, an additional interest of 2% p.a. over the applicable Coupon Rate will be charged.

24Feb 25

IIFL Finance to Consider Non-Convertible Debentures Issuance in Upcoming Board Meeting

IIFL Finance Limited has scheduled a board meeting for February 28, 2025, to consider and approve terms for issuing non-convertible debentures (NCDs) via private placement. This follows a previous approval to raise up to Rs. 10,000 crore through NCDs. The meeting, to be conducted by the Finance Committee of the Board of Directors, aims to finalize the conditions for this strategic fundraising initiative.

24Feb 25

Fitch Forecasts Earnings Decline for IIFL Finance Amid Sector Challenges

Fitch Ratings projects a drop in IIFL Finance's annual earnings due to reduced net interest margins and higher credit costs. The company has reported an 8% decline in loan assets and a loss in the first nine months of the current fiscal year. IIFL Finance is facing challenges in its microfinance and gold loan segments, with weak loan quality being a significant factor affecting near-term performance.