RBI asks lenders to address ‘irregularities’ in gold loans in 3 months

RBI asks lenders to address ‘irregularities’ in gold loans in 3 months

Source: Business Standard Gold(Photo: Shutterstock) 3 min read Last Updated : Oct 03 2024 | 4:59 PM IST A Reserve Bank of India (RBI) circular has pointed out irregularities in granting loans against gold ornaments and jewellery. Following a review, the regulator identified shortcomings in loan sourcing and appraisal, valuation, due diligence, end-use monitoring, auction…

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HSBC upgrades IIFL Finance to ‘hold’ from ‘reduce’ post-RBI move, raises target price to  ₹540, sees 8% upside | Stock Market News

HSBC upgrades IIFL Finance to ‘hold’ from ‘reduce’ post-RBI move, raises target price to ₹540, sees 8% upside | Stock Market News

Source: Live Mint Following the recent lifting of RBI restrictions on its gold loan business, global brokerage house HSBC upgraded IIFL Finance stock to ‘hold’ from ‘reduce.’ HSBC also raised the stock’s target price to ₹540 from ₹350 earlier, implying an 8 percent upside potential. HSBC also upgraded its FY25-27 EPS estimates by 6 percent…

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