IIFL Finance Surges Post RBI Gold Loan Lift

IIFL Finance Bounces Back with RBI's Green Light

Shares of IIFL Finance witnessed a remarkable rise, hitting a peak of 560.95 rupees, marking an impressive comeback since late February. This surge comes in the wake of the Reserve Bank of India's (RBI) decision to lift restrictions on IIFL Finance's gold loan business, which had previously put a damper on the company's financial performance and stock value. The shares stabilized with a robust 9.2% increase, reflecting regained investor confidence.