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 has 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 FY 2024-25 (ending March 31, 2025). The violation pertains to the company's failure to pay surplus amounts realized from auction of pledged gold articles (amounts over and above the outstanding loan) to certain borrowers. The company received the order on May 15, 2026, and stated that there is no material impact on its financial, operational, or other activities due to this penalty.
The penalty amount of Rs. 3.10 Lakh is relatively small and unlikely to materially impact the company's financials. However, it highlights a compliance lapse in customer fund handling that regulatory authorities view seriously.