Fairfax India Holdings Corporation (Fairfax India), a longstanding investor in IIFL Finance Limited (the company), has announced its commitment to provide liquidity support amidst the recent Reserve Bank of India (RBI) embargo effective March 5, 2024, on the company’s gold loan disbursements. The RBI’s embargo has raised liquidity concerns amongst the company’s investors and lenders.…
Non-Banking Financial Company IIFL Finance Limited said that its wholly owned subsidiary IIFL Home Finance Limited, an affordable housing finance company, has entered into definitive agreements for raising ₹2,200 Cr of primary capital for a 20% stake from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). Speaking on the occasion, Nirmal Jain,…
IIFL Finance, a non-banking financial company, announced it has appointed Richa Sachdeva Chatterjee as President and Chief Human Resources Officer (CHRO). Chatterjee was previously the Head of HR at Network18’s Digital, Print and Publishing businesses, preceded by senior roles at Viacom18, Boston Consulting Group (BCG) and Tata Motors. She is a seasoned HR leader with…
IIFL, a leading financial services company in India, announced that it has launched an initiative to support fintech startups that are facing funding and growth challenges due to the COVID-19 pandemic. The initiative, named #IIFLDisrupt, will help fintech startups by providing funds, becoming their first client and giving access to mentors. “COVID-19 has disrupted the…