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Latest news about IIFL Finance

IIFL Finance Strengthens Board with Former RBI Deputy Governor B.P. Kanungo 2 days ago

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.

IIFL Finance Strengthens Board with Former RBI Deputy Governor B.P. Kanungo 2 days ago

IIFL Finance Appoints Former RBI Deputy Governor BP Kanungo to Board 3 days ago

IIFL Finance Plans ₹600 Crore NCD Issuance to Boost Retail Lending 8 days ago

IIFL Finance to Consider Raising ₹100 Billion Through Non-Convertible Debentures Jun 05, 2025

More news about IIFL Finance

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.