Latest news about IIFL Finance
IIFL Finance denies Fairfax exit talks, cites no hidden event behind share price moves
IIFL Finance allots ₹350 crore NCDs at 9.25% via private placement
IIFL Finance
607.65
+2.50(+0.41%)
Company Performance:
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6M+28.90%
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More news about IIFL Finance
26Aug 26
JPM maintains Overweight on IIFL Finance with ₹750 target
JPMorgan maintains Overweight rating with ₹750 target price on IIFL Finance. Tax demand of ₹963.39 crore raised against subsidiary IIFL Home Finance. Broker estimates full liability impact at ~₹34 per share. Management plans to appeal and sees no material operational impact.
04Aug 26
IIFL Finance Records ₹50.09 Crore Block Trade on NSE at ₹617.50 Per Share
IIFL Finance recorded a block trade on the NSE involving approximately 8,11,197 shares at a price of ₹617.50 per share. The total value of the transaction stood at ₹50.09 crores. Such block trades are typically associated with institutional-level activity in the secondary market. The development highlights significant trading interest in IIFL Finance's stock on the NSE.
30Jul 26
IIFL Finance Records ₹748.04Cr Block Trade on NSE for ~12678710 Shares at ₹590
IIFL Finance recorded a large block trade on the NSE during the pre-open session, involving approximately 12678710 shares at ₹590 per share. The total deal value amounted to ₹748.04Cr, reflecting significant institutional participation in the stock.
30Jul 26
IIFL Finance Q1FY27 net profit surges 160% to ₹713.13 crore
IIFL Finance's Q1FY27 results show a 160% YoY net profit increase to ₹713.13 crore, fueled by robust gold loan growth and improved operational efficiency. The company maintains strong asset quality and is diversifying funding through international bonds and co-lending partnerships.
30Jul 26
IIFL Finance AGM approves NCD issuance, equity raise mandate
IIFL Finance Limited's 31st AGM on July 24, 2026, approved mandates for NCD issuance, enhanced borrowing limits, and future equity raises via QIP/FPO. While debt-related resolutions saw near-unanimous support, the equity raise mandate faced 41.73% dissent from public institutions, though it still passed with 85.66% overall assent. Audited FY26 financials were adopted, and Shah Gupta & Co. was appointed as Joint Statutory Auditor.
28Jul 26
IIFL Finance Co-MD Charts Course for Organic Growth and AI-Powered Profitability
IIFL Finance's Co-Managing Director has outlined a strategic vision centred on organic growth and the use of artificial intelligence to accelerate profitability. The leadership emphasises internally driven business expansion alongside AI integration to enhance operational efficiency. These priorities reflect management's commitment to building sustainable, technology-enabled financial performance for the company.
28Jul 26
IIFL Finance shareholders approve NCD issuance amid QIP dissent
IIFL Finance Limited shareholders approved the issuance of NCDs and enhanced borrowing limits with near-unanimous support. However, the resolution to raise equity via QIP or FPO faced significant dissent from public institutions, highlighting cautious sentiment on dilution.
23Jul 26
IIFL Finance Q1FY26 net profit surges 161% to ₹713.13 crore
IIFL Finance Limited delivered strong Q1FY26 results with net profit surging 161% to ₹713.13 crore, aided by a 32.7% rise in revenue to ₹3,919.15 crore. However, the lender’s debt load increased to ₹73,993.66 crore, pushing the debt-equity ratio to 4.52. Standalone PAT also jumped to ₹467.11 crore from ₹132.77 crore.
23Jul 26
IIFL Finance repurchases USD 1.37M notes due 2028
IIFL Finance Limited has repurchased USD 1.37 million of its Senior Secured Fixed Rate Notes due 2028 at a premium, including accrued interest. This transaction reduces the total principal outstanding to USD 413.33 million and was conducted in compliance with RBI and FEMA regulations.
23Jul 26
IIFL Finance Projects 17-18% Home Finance AUM Growth for FY'27, Targets ROA Improvement of 50 Basis Points
IIFL Finance projects 17% to 18% growth in its home finance book and AUM for FY'27, with disbursements expected to grow over 30%, driven by AI adoption and operational efficiency. Credit costs are forecast at 1.5% to 1.7% for FY'27, with a significant reduction expected in subsequent years as elevated GNPA in Micro LAP and BFC portfolios is resolved. The company targets a 50 basis points improvement in ROA, with 40-50 BPS from lower credit costs and 20-30 BPS from operating cost and NIM improvements. OPEX to AUM is projected between 3.3% and 3.4%, expected to decline over the next 2-3 years despite the addition of 500 new branches.
15Jul 26
IIFL Finance assigned Crisil ESG 66 and Core ESG 69 ratings
IIFL Finance has been assigned an ESG rating of Crisil ESG 66 and a Core ESG rating of Crisil Core ESG 69 by Crisil ESG Ratings & Analytics Limited. The ratings are based on voluntary disclosures for fiscal 2026 and other publicly available data.
11Jul 26
IIFL Finance raises $300 million via 7.60% notes due 2030
IIFL Finance allotted USD 300 million 7.60% Fixed Rate Senior Secured Notes due 2030 under its Global Medium Term Note Programme on July 10, 2026. The notes, rated B+ by major agencies, are secured by a first ranking charge on receivables and listed on India INX and NSE IFSC. Proceeds will fund onward lending and business growth per the company's Social Financing Framework.
03Jul 26
IIFL Finance prices USD 300 million notes at 7.60%
IIFL Finance priced USD 300 million fixed rate senior secured notes due 2030 with a coupon of 7.60% per annum, approved by its Finance Committee on July 02, 2026. The notes, part of a USD 1.5 billion GMTN programme, will be listed on India International Exchange (IFSC) Limited and NSE IFSC Limited, with proceeds used for onward lending and business growth.
02Jul 26
IIFL Finance discloses BRSR for FY 2025-26
IIFL Finance Limited has released its Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, disclosing a ₹5.30 Lakhs RBI penalty and environmental metrics including Scope 2 emissions of 13,273.09 TCo2e. The report details a workforce of 16,722 employees, 40,530 customer complaints, and CSR initiatives benefitting over 16 lakh individuals.
01Jul 26
IIFL Finance to hold 31st AGM on July 24, 2026
IIFL Finance Limited will hold its 31st Annual General Meeting on July 24, 2026, via video conferencing. The meeting will cover the adoption of financial statements for FY 2025-26, auditor appointments, and approvals for raising funds up to ₹10,000 Crore. The company reported a consolidated Loan AUM of ₹1,08,180 Crore for FY 2025-26.
30Jun 26
Moody's Assigns Ba3 Corporate Family Rating and (P)Ba3 GMTN Program Rating to IIFL Finance with Stable Outlook
Moody's has assigned a Ba3 Corporate Family Rating and a (P)Ba3 rating to the GMTN program of IIFL Finance, both carrying a stable outlook. The Ba3 CFR reflects Moody's assessment of IIFL Finance's overall credit profile, while the (P)Ba3 provisional rating pertains to notes issuable under its Global Medium Term Note program. The stable outlook indicates no anticipated near-term change in the ratings. These ratings provide a formal credit benchmark for international investors assessing IIFL Finance's debt instruments.
23Jun 26
IIFL Finance promoters confirm no encumbrance on shares in FY26
Promoters of IIFL Finance confirmed no encumbrance on shares during FY26. The disclosure under SEBI regulations covers 10.56 crore shares held by promoters and PAC members. The confirmation was submitted to stock exchanges on April 7, 2026.
22Jun 26
IIFL Finance board to meet on Jun 27 to consider fund raising
IIFL Finance's board will meet on June 27, 2026, to consider raising funds through various instruments including equity shares and other securities. The meeting will also address the upsizing of the existing Global Medium Term Note Programme. The trading window for designated persons remains closed until 48 hours post-meeting.
13Jun 26
IIFL Finance unit completes acquisition of Xtracap Fintech
IIFL Fintech Private Limited, a wholly-owned subsidiary of IIFL Finance, completed the acquisition of 89.69% stake in Xtracap Fintech India Private Limited on June 12, 2026. Consequently, Xtracap has been classified as a step-down subsidiary of IIFL Finance Limited.
10Jun 26
IIFL Finance allots USD 500M notes at 7.60% coupon
IIFL Finance Limited has allotted USD 500 million Fixed Rate Senior Secured Notes due 2029 with a 7.60% coupon. The 3.25-year notes, rated B+ by Fitch and S&P, are part of a USD 1 billion programme and will be listed on IFSC exchanges. Proceeds will fund onward lending and business growth in line with the company's Social Finance Framework.
03Jun 26
IIFL Finance operations head resigns effective June 02, 2026
Amlan Singh resigned as Head of Operations and Customer Service at IIFL Finance effective June 02, 2026. The company disclosed the change to stock exchanges under Regulation 30 of SEBI Listing Regulations. Singh cited exploring new opportunities as the reason for his departure.
02Jun 26
IIFL Finance schedules investor meetings outside India
IIFL Finance Limited has scheduled meetings with institutional investors and analysts outside India from June 1, 2026 to June 5, 2026. The company has made the investor presentation available on its website to facilitate these discussions. No unpublished price-sensitive information will be shared during these interactions.
30May 26
IIFL Finance allots ₹100 crore perpetual NCDs at 9.90%
IIFL Finance allotted 100 perpetual, unsecured, listed, rated NCDs aggregating ₹100 crore on May 29, 2026, via private placement. The Series PDI-1 2027 instruments carry a 9.90% coupon and have a call option after 10 years.
28May 26
IIFL Finance updates Global Medium Term Note Programme
IIFL Finance Limited updated its Global Medium Term Note Programme on May 26, 2026, under Regulations 30 and 51 of the SEBI Listing Obligations Regulations. The Offering Circular was uploaded to India INX and NSE IFSC, ensuring transparency for international investors. The filing was submitted by Samrat Sanyal, Company Secretary & Compliance Officer.
22May 26
IIFL Finance Pays RBI Penalty for Gold Loan Violations
IIFL Finance Limited remitted a penalty of ₹3,10,000 to the RBI following an order dated May 11, 2026. The penalty was imposed for non-compliance with NBFC directions regarding the auction of pledged gold articles during FY 2024-25. The company confirmed there is no material impact on its operations.
19May 26
IIFL Finance Approves INR 200 Crore Perpetual NCD Issuance on Private Placement Basis
IIFL Finance Limited's Finance Committee, at its meeting on May 15, 2026, approved the issuance of up to 200 Listed, Unsecured, Non-Convertible Perpetual Debentures aggregating INR 200 crore on a private placement basis, with each NCD carrying a face value of INR 1,00,00,000. The debentures are perpetual in nature, proposed to be listed on NSE, and carry a call option exercisable after at least 10 years from allotment with prior RBI approval. In case of default, an additional interest of 2% p.a. over the applicable Coupon Rate is payable until the default is cured.
15May 26
IIFL Finance Records NSE Block Trades Worth Rs. 142.65 Crores Across Three Deals
IIFL Finance witnessed three block trades on the NSE aggregating Rs. 142.65 crores across approximately 2,974,208 shares. The trades were executed at Rs. 482.10, Rs. 482.40, and Rs. 466.20 per share, with individual deal values of Rs. 98.30 crores, Rs. 22.39 crores, and Rs. 21.96 crores respectively, highlighting sustained institutional participation in the stock.
15May 26
SMALLCAP World Fund Substantially Reduces Stake in IIFL Finance to 1.8147%
SMALLCAP World Fund, Inc. filed a substantial disposal disclosure under SEBI SAST Regulations, 2011, on 14 May 2026, reporting the sale of 14,364,701 shares (3.3875%) of IIFL Finance Ltd. through open market transactions on 13 May 2026. The fund's holding declined from 22,082,233 shares (5.2022%) to 7,717,532 shares (1.8147%) of the total share/voting capital. The equity share capital of IIFL Finance stood at 424,479,416 before the transaction and 425,289,575 after the transaction.
14May 26
IIFL Finance repurchases USD 12.6 million notes due 2028
IIFL Finance has repurchased and cancelled USD 12,615,301.22 of its Senior Secured Fixed Rate Notes due 2028, which includes accrued interest, out of a total principal outstanding of USD 425,000,000. The transaction, executed at a premium under Regulation S and Rule 144A of the U.S. Securities Act 1933, complies with FEMA regulations and RBI directions on external commercial borrowings.
13May 26
IIFL Finance Receives Tax Demand of Rs.4,75,56,46,790 from Income Tax Authority for Block Period April 2018 to February 2025
IIFL Finance Limited disclosed receipt of a tax demand of Rs.4,75,56,46,790 from the Joint Commissioner of Income Tax (OSD), Central Circle – 4(4), Mumbai, on May 12, 2026, under Section 158BC(1)(c) of the Income Tax Act, 1961. The demand covers the block period from April 01, 2018 to February 03, 2025. The company has stated it does not anticipate any material financial or operational impact and plans to pursue appeals against the order under applicable laws.
12May 26
IIFL Finance Schedules Finance Committee Meeting on May 15, 2026 to Consider Non-Convertible Securities Issuance
IIFL Finance Limited has scheduled a Finance Committee meeting on Friday, May 15, 2026, to consider and approve the terms and conditions for the issuance of Non-Convertible Securities on a private placement basis. The disclosure references an earlier intimation dated May 08, 2025, related to fund-raising of up to Rs. 10,000 crores through Non-Convertible Securities. The filing was made on May 12, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was submitted to BSE Limited, the National Stock Exchange of India Ltd., and India International Exchange (IFSC) Limited.
02May 26
IIFL Finance Subsidiary Acquires 87.8% Stake in Xtracap Fintech for ₹37.7 Crore
IIFL Finance's wholly-owned subsidiary IIFL Fintech Private Limited has received board approval for acquiring 87.8% stake in Xtracap Fintech India Private Limited for ₹37.7 crore. The transaction involves two stages - secondary acquisition for ₹25.7 crore and primary capital infusion of ₹12 crore, enabling entry into the underserved supply chain financing market.
01May 26
IIFL Finance Reports Strong Q4 Performance with 181% Jump in Net Profit
IIFL Finance delivered outstanding Q4FY26 results with net profit surging 181% to ₹623.26 crore and revenue growing 42% to ₹3,692.50 crore. The Board approved fundraising authorization up to ₹10,000 crore and made key leadership appointments while ensuring regulatory compliance through newspaper publication of financial results.
30Apr 26
IIFL Finance Receives Mixed Analyst Ratings Despite Strong Q4 Performance
IIFL Finance received mixed analyst ratings post Q4 results, with HSBC raising target to ₹550 (Buy) citing strong performance including ~18% RoE, healthy AUM growth, and earnings upcycle from MFI cyclicality and housing finance recovery. Nomura cut target to ₹500 (Hold) despite Q4 PAT beat of ₹5.8bn (+22% QoQ) and 38% AUM growth, citing valuation concerns at ~1.1x FY27 BV and tax audit uncertainty limiting upside potential.
29Apr 26
IIFL Finance Gold Loan AUM Reaches ₹52,581 Crore with 150% YoY Growth
IIFL Finance achieved exceptional growth in its gold loan portfolio with AUM reaching ₹52,581 crore, representing 150% year-on-year and 21% quarter-on-quarter increases. This remarkable performance demonstrates the company's strong execution capabilities and growing market presence in the secured lending sector.
27Apr 26
IIFL Finance Records Rs. 42.12 Crore Block Trade on NSE
IIFL Finance Ltd. executed a major block trade on NSE worth Rs. 42.12 crores involving approximately 1,007,863 shares at Rs. 417.90 per share. The transaction reflects significant institutional activity and strategic positioning by large investors in the financial services company.
25Apr 26
IIFL Finance Schedules Q4FY26 Earnings Conference Call for April 29, 2026
IIFL Finance Limited has scheduled an earnings conference call for Wednesday, April 29, 2026, at 5:00 p.m. IST to discuss Q4 and full-year FY26 financial performance with investors and analysts. The announcement, made on April 24, 2026, complies with SEBI Listing Regulations, with the company committing to make presentation materials and transcripts available on stock exchanges and its website following the call.
11Apr 26
IIFL Finance Files Quarterly Compliance Certificate for Q4 FY26 Under SEBI Regulations
IIFL Finance Limited submitted its quarterly compliance certificate under SEBI Depositories Regulations for Q4 FY26, confirming proper handling of dematerialised securities. The certificate was issued by registrar MUFG Intime India Private Limited and filed with BSE and NSE on April 10, 2026, by Company Secretary Samrat Sanyal, fulfilling mandatory regulatory requirements.
03Apr 26
IIFL Finance Announces Senior Management Changes in Gold Loans Division
IIFL Finance Limited announced senior management changes effective April 2, 2026, including the resignation of Mr. Manish Mayank as Business Head - Gold Loans and the designation change of Mr. Mayank Sharma from Chief AI & Innovation Officer to Business Head - Gold Loans. Mr. Sharma brings over two decades of Group experience, having built the gold loan vertical from inception and established 230+ branches. The changes were approved by the Board of Directors based on Nomination and Remuneration Committee recommendations, with proper regulatory disclosures made to stock exchanges.
01Apr 26
HSBC Maintains Buy Rating on IIFL Finance, Cuts Target Price to Rs 510 from Rs 710
HSBC has maintained its Buy rating on IIFL Finance while reducing the target price from Rs 710 to Rs 510, citing Middle East conflict-related demand weakness and expected cuts to AUM growth, margins and EPS. The brokerage has highlighted emerging liability pressures and potential asset risks as key concerns. HSBC continues to prefer private banks and select NBFCs like Cholamandalam Investment and Finance and Shriram Finance, while viewing LIC Housing Finance as a defensive play.
30Mar 26
IIFL Finance Completes Income Tax Department's Special Audit Process
IIFL Finance Limited has successfully concluded a special audit directed by the Income Tax Department under Section 142(2A) of the Income Tax Act, 1961, with the comprehensive audit report duly submitted to relevant authorities. The company maintains its cooperative approach with regulatory authorities and emphasizes its commitment to expeditiously completing ongoing block assessment proceedings while ensuring full transparency and compliance with SEBI listing requirements.
26Mar 26
IIFL Finance Receives CRISIL Rating Assignment and Reaffirmation Across Multiple Instruments
IIFL Finance Limited received comprehensive credit rating updates from CRISIL, including assignment of AA/Stable rating for Rs. 2,000 crore NCDs and reaffirmation of ratings for Rs. 9,500 crore bank loans and Rs. 10,531.53 crore NCDs. The company maintained stable outlook across all instruments including A1+ rating for Commercial Paper, demonstrating strong credit profile across its diverse funding portfolio.
20Mar 26
IIFL Finance EGM Resolution Passes with 99.20% Approval for Related Party Transaction
IIFL Finance successfully conducted its Extra-Ordinary General Meeting on March 20, 2026, where shareholders overwhelmingly approved the material modification to existing related party transactions with IIFL Home Finance Limited. The resolution passed with 99.20% votes in favor out of 12.58 crore votes polled, representing 29.58% of the company's total outstanding shares of 42.52 crore. The meeting was held through video conferencing with 62 members attending, and the voting process was conducted through both remote e-voting and live e-voting platforms, with M/s Nilesh Shah and Associates serving as the appointed Scrutinizer.
18Mar 26
IIFL Finance Allots 4,357 Equity Shares to Employees Under ESOP Scheme
IIFL Finance Limited's Nomination and Remuneration Committee approved the allotment of 4,357 equity shares to employees under the Employee Stock Option Scheme on March 18, 2026. The approval was granted through a Circular Resolution, allowing company employees to exercise their stock options and convert them into equity shares. The company has duly informed BSE and NSE about this corporate action, maintaining regulatory compliance and transparency with stakeholders.
10Mar 26
IIFL Finance Completes ₹500 Crore NCD Allotment Under Series D36 with 8.60% Coupon Rate
IIFL Finance Limited has completed the allotment of ₹500 crores worth of non-convertible debentures under Series D36 on March 10, 2026. The company allotted 50,000 NCDs with face value of ₹1,00,000 each on private placement basis, offering 8.60% annual coupon rate with 379-day tenure maturing on March 24, 2027. The debentures are secured by first ranking charge over company's loan receivables and will be listed on NSE.
06Mar 26
IIFL Finance Approves Allotment of ₹1,021.64 Crore NCD Issue Across Nine Series
IIFL Finance Limited has successfully approved the allotment of secured, rated, listed, redeemable non-convertible debentures totaling ₹1,021.64 crores across nine series. The NCDs offer diverse investment options with tenures ranging from 24 to 60 months and effective yields up to 9.00%, providing the company with substantial long-term funding.
05Mar 26
IIFL Finance Considers Strategic Exit from Microfinance Unit Samasta
IIFL Finance is reportedly considering an exit from its microfinance subsidiary Samasta, representing a potential strategic shift in the company's business portfolio. This development suggests the company may be reassessing its positioning within the microfinance sector and evaluating resource allocation across its various business segments.
04Mar 26
IIFL Finance Clarifies Media Reports on Piramal Finance MFI Deal Discussions
IIFL Finance Limited clarified to BSE regarding media reports about exploratory talks with Piramal Finance for an MFI deal. The company stated no undisclosed information exists requiring regulatory disclosure under SEBI Regulation 30. IIFL Finance attributed recent share price movements to market sentiment rather than material information, confirming no new legal proceedings have been initiated against the company.
26Feb 26
IIFL Finance Plans to Raise Up to USD 750 Million Through ECBs and Dollar Bonds
IIFL Finance has announced plans to raise up to USD 750 million through External Commercial Borrowings and dollar bonds. This strategic fundraising initiative aims to diversify the company's funding sources and strengthen its capital position. The move demonstrates the NBFC's confidence in accessing international debt markets to optimize its financial structure and support business growth.
26Feb 26
IIFL Finance Limited Schedules Extra-Ordinary General Meeting for March 20, 2026 to Approve Material RPT Modifications
IIFL Finance Limited has scheduled an Extra-Ordinary General Meeting for March 20, 2026, to approve material modifications to related party transactions with its subsidiary IIFL Home Finance Limited. The proposal involves increasing transaction limits by ₹2,400 Crore to ₹5,492 Crore, specifically for Direct Assignment and Sale of Loan exposures. The strategic move aims to consolidate loan portfolios for enhanced operational efficiency and streamlined administration.
24Feb 26
IIFL Finance Issues Series D36 NCDs Worth ₹1,000 Crore on Private Placement
IIFL Finance has completed the issuance of Series D36 non-convertible debentures worth up to ₹1,000 crore through private placement, with a base issue size of ₹500 crore and green shoe option. The NCDs carry a face value of ₹1,00,000 each and are listed on NSE, featuring senior secured status with penalty provisions for payment delays.
13Feb 26
IIFL Finance Limited Receives Rs 5.30 Lakh Penalty from RBI for Asset Classification Issues
IIFL Finance Limited received a Rs 5.30 lakh penalty from RBI on February 13, 2026, for failing to classify certain accounts as non-performing assets during restructuring. The violation relates to supervisory findings regarding the company's financial position as on March 31, 2024. The company has stated there is no material impact on its operations and the affected loan accounts are no longer in its books.
13Feb 26
IIFL Finance Limited Announces ₹2,000 Crore NCD Public Issue with Nine Series Options
IIFL Finance Limited announced a ₹2,000 crore public issue of secured NCDs with Finance Committee approval on February 12, 2026. The issue features a base size of ₹500 crores with oversubscription option up to ₹1,500 crores, structured across nine series offering tenors from 24-60 months and coupon rates of 8.37%-9.00% per annum. The NCDs will be listed on BSE and NSE, with the issue opening February 17, 2026, and closing March 4, 2026.
12Feb 26
IIFL Finance Receives Credit Rating Reaffirmation from ICRA and New Assignment from CRISIL
IIFL Finance Limited received credit rating updates from ICRA Limited and CRISIL Ratings Limited on February 12, 2026. ICRA reaffirmed [ICRA]AA (Negative) ratings for NCDs, Subordinated Debt Programme, and Long-Term Bank Lines, with [ICRA]A1+ for Commercial Paper. CRISIL assigned AA/Stable to Rs.2,000 crore NCDs and reaffirmed various ratings including CRISIL AA/Stable for Bank Loan Facilities. IIFL Home Finance Limited, the company's material subsidiary, also received rating reaffirmations from ICRA across multiple debt instruments.
06Feb 26
IIFL Finance Allots 57,291 Equity Shares to Employees Under ESOP Exercise
IIFL Finance Limited allotted 57,291 equity shares to employees through the exercise of stock options under its Employee Stock Option Schemes. The Nomination and Remuneration Committee approved this allotment via Circular Resolution on February 06, 2026. The company duly informed BSE and NSE about this corporate action, maintaining regulatory compliance and transparency in its employee incentive programs.
30Jan 26
IIFL Finance announces senior management changes in Construction and Real Estate division
IIFL Finance Limited announced senior management changes in its Construction and Real Estate division effective January 31, 2026. Mr. Pranav Dholakia resigned as Head - Construction and Real Estate to explore new opportunities, while Mr. Sudhanshu Pareek was appointed as his replacement from February 01, 2026. Mr. Pareek brings over 18 years of experience across real estate, project management, and business development, having previously served in senior roles at Kalpataru Limited, Peninsula Land, and other organizations.
29Jan 26
IIFL Finance Announces CRISIL Rating Reaffirmation for Material Subsidiary IIFL Home Finance
IIFL Finance Limited announced that CRISIL Ratings has reaffirmed credit ratings for its material subsidiary IIFL Home Finance Limited on January 29, 2026. The ratings include CRISIL AA/Stable for Bank Loan Facilities and Non-Convertible Debentures, CRISIL PPMLD AA/Stable for various market-linked instruments, and CRISIL A1+ for Commercial Paper. The disclosure was made in compliance with SEBI regulations, highlighting the subsidiary's maintained creditworthiness and financial stability in the housing finance sector.
23Jan 26
IIFL Finance Targets 4-4.5% Leverage Ratio and 20% Capital Adequacy in Strategic Financial Management
IIFL Finance has set strategic financial targets including maintaining leverage ratio at 4.00-4.50% and capital adequacy closer to 20.00%. The company is actively monitoring market conditions for potential capital raising opportunities while focusing on balanced capital structure management and regulatory compliance.
23Jan 26
IIFL Finance Targets 15-16% Housing Loan AUM Growth with 24-25% Disbursement Increase
IIFL Finance has set ambitious growth targets for its housing loan segment, planning 15-16% AUM growth and 24-25% disbursement increase for the next year. The company has completed cleanup operations this quarter, positioning itself for the planned expansion in housing finance.
22Jan 26
IIFL Finance Q3 Results: Stock Falls 10% Despite 189% Gold Loan Surge and Strong Financials
IIFL Finance shares fell 10% to ₹560.60 despite reporting strong Q3 results, triggered by an Income Tax department directive for special audit under Section 142(2A). The company delivered impressive financial performance with net profit jumping to ₹484.00 crore from ₹41.00 crore YoY, revenue growing 40% to ₹3,427.50 crore, and gold loans surging 189% year-on-year. While home loans and MSME segments showed growth, microfinance AUM declined 19% due to unsecured lending pressures.
16Jan 26
IIFL Finance Board Meeting Scheduled for January 22, 2026 to Consider Q3FY26 Results and Interim Dividend
IIFL Finance Limited has scheduled its board meeting for January 22, 2026, to consider and approve consolidated and standalone unaudited financial results for the quarter and nine months ended December 31, 2025. The board will also deliberate on declaring an interim dividend for FY2025-26. The company has notified BSE and NSE as per regulatory requirements, and trading window restrictions will apply to designated persons until 48 hours after results publication.
02Jan 26
IIFL Finance Receives ₹15.05 Lakh GST Penalty Order from Delhi Tax Authority
IIFL Finance Limited received a GST penalty order of ₹15.05 lakhs from Assistant Commissioner GST Delhi on January 2, 2026, for alleged non-payment of tax over exempt supplies during FY 2021-22. The company plans to file an appeal against the order and has stated there is no material impact on its financials or operations.
30Dec 25
IIFL Finance Completes ₹800 Crore NCD Allotment with Detailed Terms
IIFL Finance Limited successfully allotted ₹800 crore worth of non-convertible debentures through private placement on December 30, 2025. The issuance comprises three series: ₹300 crore D35 Option A-I (7-year, 9.25% interest), ₹400 crore D35 Option A-II (10-year, 9.30% interest), and ₹100 crore perpetual debentures (9.90% interest). All series will be listed on NSE with structured interest payment schedules and default protection mechanisms.
29Dec 25
IIFL Finance Gets IND AA/Stable Rating on ₹50,000 Cr
India Ratings and Research has assigned IND AA/Stable ratings to IIFL Finance Limited's debt instruments totaling ₹50,000 crores. This includes ₹20,000 crores for bank loan facilities and ₹30,000 crores for non-convertible debentures. The agency also affirmed its existing IND AA/Stable ratings on ₹55,500 crore facilities. The disclosure was made in compliance with SEBI listing regulations.
22Dec 25
IIFL Finance Approves ₹800 Crore NCD Issuance
IIFL Finance Limited's board committee has approved the issuance of Non-Convertible Debentures (NCDs) worth up to ₹800 crores on a private placement basis. The issuance comprises two series: Series 1 with a potential size of ₹700 crores (₹200 crores base issue + ₹500 crores green shoe option) of unsecured, subordinated, redeemable NCDs, and Series 2 with a potential size of ₹100 crores (₹50 crores base issue + ₹50 crores green shoe option) of unsecured, perpetual NCDs. Both series will be listed on the National Stock Exchange of India Limited.
22Dec 25
IIFL Finance Secures New and Reaffirmed Credit Ratings from Infomerics
IIFL Finance has received updated credit ratings from Infomerics Valuation and Rating Limited. A new rating of IVRAA/Stable was assigned for a ₹150 crore perpetual debt instrument. Existing ratings for debt instruments totaling ₹5,500 crore were reaffirmed. The company's financial data shows growth in total assets (16.48%) and equity (16.28%), with a significant increase in fixed assets (69.15%).
22Dec 25
IIFL Finance Receives Updated Credit Ratings from Infomerics on December 22
IIFL Finance Limited announced updated credit ratings from Infomerics Valuation and Rating Limited on December 22, 2025. The rating agency assigned a new IVRAA/Stable rating for a proposed ₹150 crore perpetual debt instrument while reaffirming existing ratings for ₹5,000 crore commercial paper (IVRA1) and ₹500 crore perpetual debt instrument (IVRAA/Stable). The total portfolio under rating now stands at ₹5,650 crores.
20Dec 25
IIFL Finance Appoints Former RBI Deputy Governor B. P. Kanungo as New Board Chairman
IIFL Finance has appointed B. P. Kanungo, former RBI Deputy Governor, as the new Chairperson of the Board. This strategic move brings substantial regulatory and banking expertise to IIFL Finance's leadership team, reinforcing the company's commitment to strong governance and strategic growth in the financial services sector.
19Dec 25
IIFL Finance Designates Former RBI Deputy Governor B.P. Kanungo as Board Chairman
IIFL Finance Limited officially designated Mr. B.P. Kanungo, former RBI Deputy Governor, as Board Chairperson with immediate effect through unanimous Board approval. This strategic appointment leverages his extensive four decades of central banking experience and regulatory expertise to strengthen governance architecture and position the company for its next growth phase while serving over 8 million customers through 4,900 branches.
17Dec 25
IIFL Finance Plans ₹10,000 Cr NCD Issue Discussion
IIFL Finance has scheduled a board meeting on December 22nd to discuss the potential issuance of non-convertible debentures (NCDs) worth up to ₹100 billion (₹10,000 crore). This significant corporate financing proposal aims to evaluate the framework for the NCD offering, representing a major step in the company's capital management strategy.
16Dec 25
IIFL Home Finance Gets IVR A1+ Rating for ₹3,000 Cr CP
IIFL Finance's subsidiary, IIFL Home Finance Limited, has been assigned an IVR A1+ rating by Infomerics Valuation and Rating Limited for its proposed ₹3,000 crore commercial paper issue. The rating reflects the creditworthiness of IIFL Home Finance for this fundraising initiative. The announcement was made in compliance with SEBI regulations, and the detailed rationale is available on Infomerics' website.
16Dec 25
IIFL Finance Allots ₹650 Cr Non-Convertible Debentures
IIFL Finance Limited has successfully allotted 6,500 senior, unsecured, listed, rated, redeemable non-convertible debentures worth ₹650 crores under Series D34. Each debenture has a face value of ₹1,00,000 with a 3-year tenure. The debentures, allotted on December 16, 2025, will mature on December 18, 2028, with interest payments scheduled annually. The issue includes a default protection mechanism, offering additional interest of 2% p.a. for payment delays exceeding three months.
16Dec 25
S&P Upgrades IIFL Finance Outlook to Positive on Gold Loan Recovery Prospects
S&P Global Ratings has upgraded IIFL Finance's outlook to Positive from Stable while affirming B+/B ratings, driven by the company's recovering gold loan market share following the lifting of central bank embargo. The rating agency projects improved financial metrics with return on assets expected to rise to 2.30%-2.60% in FY27-28 from current 1.90%, while credit costs are anticipated to peak at 3.50% in FY26 before declining to 2.20%-2.30% over the next two years.
11Dec 25
IIFL Finance Finalizes Terms for ₹100 Crore NCD Issue on Private Placement
IIFL Finance Limited has finalized terms for its ₹100 crore NCD issue through its Finance Committee approval on December 11, 2025. The Series D34 debentures will be issued on private placement basis with up to 10,000 NCDs of ₹1 lakh face value each, featuring a base issue of ₹25 crores and greenshoe option of ₹75 crores, with NSE listing planned.
26Nov 25
IIFL Finance Board Approves ₹2,000 Crore Debenture Public Offering
IIFL Finance's board has approved a public offering of secured non-convertible debentures (NCDs) worth up to ₹2,000 crore, with an additional green shoe option. The offering, pending regulatory approval, aims to strengthen the company's funding resources and expand lending capabilities. This move comes as IIFL Finance reports growth in total assets and equity over the past year, with total assets increasing by 8.40% to ₹67,644.20 crore and total equity rising by 15.75% to ₹13,955.00 crore.
21Nov 25
IIFL Finance to Consider Public Issue of Non-Convertible Debentures in Upcoming Board Meeting
IIFL Finance Limited has scheduled a board meeting for November 26, 2025, to consider and approve the public issuance of secured, rated, listed, redeemable non-convertible debentures (NCDs) in one or more tranches. The company has implemented regulatory measures including trading window closure for designated persons and public disclosure of the meeting details. The decision on NCD issuance will be subject to necessary approvals.
18Nov 25
IIFL Finance to Redeem Non-Convertible Debentures Series D27
IIFL Finance Limited has announced the exercise of its call option on Secured Rated Listed Redeemable Non-Convertible Debentures (NCDs) Series D27. The redemption is scheduled for December 3, 2025, with a record date of November 17, 2025. The NCDs have a face value of Rs. 1,00,000 per debenture with ISIN INE530B07419. The company will pay the call option price along with accrued interest to eligible debenture holders, after which all NCDs in this series will be fully extinguished. IIFL Finance has notified eligible debenture holders and stock exchanges, complying with SEBI regulations.
31Oct 25
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 with Appointment of Girish Kousgi as MD and CEO
IIFL Finance announced the appointment of Girish Kousgi as the new Managing Director and CEO of its subsidiary, IIFL Home Finance, 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, MSME loans, and construction finance. The appointment aims to strengthen the company's position in affordable housing finance and accelerate growth across business verticals. IIFL Home Finance has served over 4.54 lakh customers, focusing on first-time homebuyers from economically weaker sections and low-income groups.
30Oct 25
IIFL Finance Reports Strong Q2 FY26 Results; Subsidiary IIFL Home Finance Appoints New CEO
IIFL Finance announced a 52% quarter-on-quarter increase in consolidated profit after tax to ₹418.00 crore for Q2 FY26. Consolidated AUM grew 7% QoQ to ₹90,122.00 crore, driven by strong performance in gold loans. The company reported a pre-provision operating profit of ₹1,032.50 crore, ROA of 2.20%, and ROE of 11.90%. GNPA and NNPA decreased to 2.10% and 1.00% respectively. Gold loans showed exceptional growth with 220% YoY and 27% QoQ increase in AUM. IIFL Home Finance appointed Girish Kousgi as its new MD & CEO, effective October 30, 2025.
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.
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.
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