IIFL Finance starts special audit

The embargo was part of RBI's supervisory action over concerns related to certain loan disbursement practices.

Mumbai: commenced the special directed by the Reserve Bank of India () on Tuesday. This follows the central bank's dated March 4, 2024, which suspended the disbursement of new gold loans by our until the satisfactory completion of the said audit, said the company in an exchange filing.

The embargo was part of RBI's supervisory action over concerns related to certain loan disbursement practices.

Source: Stocks-Markets-Economic Times