RBI revokes gold loan ban; IIFL likely to take steps to regain market share

Company
20 Sep 2024
5 Min read 
  • RBI lifts ban on IIFL's gold loan business, allowing resumption of operations.
  •  IIFL's gold loan AUM expected to reach INR105b after ban revocation.
  •  IIFL likely to aggressively regain market share in the gold lending segment.
  •  Company's credit rating outlook may be upgraded following the ban lift.
  •  Financials show stable asset quality and a potential for valuation re-rating.
  •  IIFL's stock trades at 1.5x FY26E P/BV and ~10x P/E.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority