IIFL Finance Limited has informed the Exchange regarding intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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IIFL Finance Limited received an order from the Reserve Bank of India imposing a penalty of Rs. 3.10 lakh. The penalty was imposed under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934, following an RBI inspection for the financial year ended March 31, 2025. The violation relates to the company's failure to pay surplus amounts realised from the auction of pledged gold articles — amounts exceeding the outstanding loan — to certain borrowers. The company has stated that the penalty has no material impact on its financial, operational, or other activities.
The penalty amount of Rs. 3.10 lakh is relatively small and the company has indicated no material financial or operational impact. However, the regulatory action highlights a supervisory finding that may attract investor attention, particularly given that IIFL Finance operates in the gold loan segment.