It appears that the RBI is intensifying its scrutiny of NBFCs. IIFL has suffered losses in the gold sector, while JM has been affected in IPO financing. This crackdown benefits ethical companies, preventing them from losing market share to those engaging in unethical practices, such as extending loans beyond eligibility criteria, which can lead to market dominance.
Looks like IIFL was giving more loan on less gold
Subscribe To Our Free Newsletter |