New Delhi: IIFL Finance Consolidated net profit reported on Sunday fell 6% 431 Crores Rs. March quarter reserve bank of india Financial services companies are prohibited from assuming Gold loan business. The company’s net profit in the same period last year was Rs 458 crore.
The Reserve Bank of India (RBI) on March 4 banned IIFL Finance Ltd from granting gold loans with immediate effect over multiple regulatory issues, including serious deviations in analysis and certification of the purity of the yellow metal.
IIFL Finance said in a regulatory filing that total gross revenue increased to Rs 2,922 crore in January-March 2024 as compared to Rs 2,276 crore in the same period last year.
Interest income from IIFL Finance, which offers a range of loans and mortgages, rose to Rs 2,720 crore during the quarter as compared to Rs 2,058 crore in the same period last year.
During the quarter, gross non-performing assets (NPA) increased to 2.3% as compared to 1.8% at the end of March 2025.
At the same time, net non-performing assets also rose to 1.2% from 1.1% at the end of the fourth quarter last year.
The report said that as of March 31, 2024, the total CRAR was 19.7%, while the minimum regulatory requirement is 15%.
The Reserve Bank of India (RBI) on March 4 banned IIFL Finance Ltd from granting gold loans with immediate effect over multiple regulatory issues, including serious deviations in analysis and certification of the purity of the yellow metal.
IIFL Finance said in a regulatory filing that total gross revenue increased to Rs 2,922 crore in January-March 2024 as compared to Rs 2,276 crore in the same period last year.
Interest income from IIFL Finance, which offers a range of loans and mortgages, rose to Rs 2,720 crore during the quarter as compared to Rs 2,058 crore in the same period last year.
During the quarter, gross non-performing assets (NPA) increased to 2.3% as compared to 1.8% at the end of March 2025.
At the same time, net non-performing assets also rose to 1.2% from 1.1% at the end of the fourth quarter last year.
The report said that as of March 31, 2024, the total CRAR was 19.7%, while the minimum regulatory requirement is 15%.
