BIZARRE: Iifl finance | Mind Blowing Facts

Huge inflows in small spaces

Increasing investments from global entities into India's financial sector are boosting the specialized lending institutions. Regulatory reforms have strengthened governance and risk management practices within these institutions over time. Digital innovations like Aadhaar and UPI have facilitated faster and more accurate borrower assessments.

The Economic Times · 4h ago

Fairfax Financial likely to exit IIFL Finance, sources say

Canada's Fairfax Financial Holdings intends to divest its nearly 11% stake in IIFL Finance soon. The sale aims to raise funds for acquiring a significant stake in IDBI Bank from the Indian government. Fairfax's current share in IIFL Finance is valued at approximately 30 billion rupees, or $320 million. Additionally,…

The Economic Times · Nov 11

Can IRDAI’s insurance reforms impact NBFCs? Jefferies warns L&T Finance, Piramal Finance, others are most exposed

IRDAI’s proposed insurance distribution reforms could extend beyond insurers and distributors, potentially pressuring NBFC fee income. Jefferies flagged L&T Finance, Piramal Finance and others as exposed to insurance commissions, with proposed cuts potentially affecting profitability.

The Economic Times · Sep 24

IIFL Finance shares drop 8% as IIFL Home Finance gets Rs 963 crore tax demand

IIFL Finance shares fell sharply on Tuesday after subsidiary IIFL Home Finance received a Rs 963.39 crore income tax demand covering April 2018 to February 2025. The company disputed the additions and said it is pursuing appellate remedies. Separately, IIFL Finance secured a stay on a Rs 475.56 crore tax…

The Economic Times · Aug 25

Muthoot Finance, Manappuram Finance shares rally up to 11% in 4 days as gold crosses Rs 1.63 lakh

Gold loan stocks Muthoot Finance, Manappuram Finance and IIFL Finance gained sharply as gold prices climbed on a weaker dollar and liquidity support from the US Treasury. Investors are watching US inflation data and Fed signals at Jackson Hole. Rising gold prices and geopolitical tensions continue supporting demand for gold-backed…

The Economic Times · Aug 24

Ahead of Market: 10 things that will decide stock market action on Monday

Indian equities ended marginally higher on Friday as gains in financials, metals and small-caps offset pressure from IT stocks and persistent global uncertainties. The Sensex and Nifty closed slightly higher, while broader markets outperformed. Analysts expect volatility to remain elevated, with crude prices, foreign flows, the rupee and global trends…

The Economic Times · Aug 23

Muthoot, Manappuram Finance shares jump up to 7% in 2 days as gold crosses Rs 1.6 lakh/10 gm

Gold loan stocks Muthoot Finance, Manappuram Finance and IIFL Finance gained up to 7% in two sessions as gold prices crossed Rs 1.6 lakh per 10 grams on the MCX. A weaker dollar and the US Treasury’s bond-buyback move supported gold prices, boosting sentiment around gold-backed lending companies.

The Economic Times · Aug 21

Muthoot Finance, Manappuram, other gold financier stocks jump up to 4% as gold prices rise above Rs 1.58 lakh/10 grams

Shares of gold loan companies Muthoot Finance, Manappuram Finance and IIFL Finance rose as much as 4% as gold prices surged following the US Treasury’s decision to increase longer-dated bond buybacks. Rising gold prices can boost the value of collateral pledged against gold loans.

The Economic Times · Aug 20

Capital Group buys 1.5% stake in IIFL Fin for Rs 374 cr; stock rises over 2%

Capital Group bought a 1.49 percent stake in IIFL Finance for Rs 374 crore. This acquisition was made through open market transactions from Fairfax India's affiliate. US-based Capital Group purchased over 63 lakh shares at an average price of Rs 590. FIH Mauritius Investments, a Fairfax India subsidiary, sold an…

The Economic Times · Jul 31

Muthoot Finance, Manappuram Finance, other stocks rise up to 5% as gold prices hit Rs 1.48 lakh/10 grams

Gold prices surged past Rs 1.48 lakh per 10 grams on Friday, propelling shares of gold financiers like Muthoot Finance and Manappuram Finance up by as much as 5%. This rally was triggered by weaker-than-expected US jobs data, which cooled inflation concerns and reduced expectations of an imminent interest rate…

The Economic Times · Jul 3