IIFL Finance Limited ( (IN:IIFL) ) has issued an announcement.
The Reserve Bank of India has imposed a monetary penalty of ₹33.10 lakh on IIFL Samasta Finance Limited, a subsidiary of IIFL Finance Limited, for non-compliance with certain regulatory provisions. Despite the penalty, IIFL Samasta has taken corrective measures to align with the RBI’s regulations, indicating a proactive approach to regulatory compliance.
More about IIFL Finance Limited
IIFL Finance Limited operates in the financial services industry, focusing on non-banking financial services. It offers a range of products including loans, wealth management, and financial advisory services, with a market focus on both retail and corporate clients.
YTD Price Performance: -27.78%
Average Trading Volume: 85,189
Current Market Cap: 134.5B INR
See more data about IIFL stock on TipRanks’ Stock Analysis page.