By aartimehra184@gmail.com 
IIFL Finance Ltd announced on September 19 that the Reserve Bank of India (RBI) has removed restrictions on its gold loan business.
In a stock exchange filing, IIFL Finance stated, “Through its communication dated September 19, 2024, the RBI has lifted the restrictions on our gold loan operations. This decision is effective immediately, enabling us to resume sanctioning, disbursing, assigning, securitizing, and selling gold loans while adhering to all applicable laws and regulations.
On September 19, IIFL Finance’s shares on the NSE closed 6 percent lower at Rs 497 each.
“IIFL Finance is dedicated to maintaining the highest standards of compliance and will continue to ensure that the corrective measures implemented are upheld,” the company stated.