IIFL Finance posts 6% drop in Consolidated Net Profit to 
431 crore
IIFL Finance revealed a 6 percent decrease in united net profit to 
431 crore for the March quarter as the Reserve Bank of India (RBI) denied the monetary administrations firm from taking part in gold credit tasks.
431 crore for the March quarter as the Reserve Bank of India (RBI) denied the monetary administrations firm from taking part in gold credit tasks.
The organization's net benefit remained at 458 crore in the comparing quarter of the earlier year. On March 4, the RBI coordinated IIFL Finance Ltd to stop dispensing gold loans quickly because of different administrative worries, remembering huge deviations for examining and confirming the virtue of gold.
458 crore in the comparing quarter of the earlier year. On March 4, the RBI coordinated IIFL Finance Ltd to stop dispensing gold loans quickly because of different administrative worries, remembering huge deviations for examining and confirming the virtue of gold.
During the January-March 2024 period, the organizations solidified all out pay expanded to 2,922 crore contrasted with 2,276 crore in a similar period last year, as detailed in an administrative documenting by IIFL Finance. IIFL Finance, which offers a variety of loans and mortgages, saw an increase in its quarterly interest income to 2,720 crore, up from 2,058 crore yen in the preceding quarter.
2,922 crore contrasted with 2,276 crore in a similar period last year, as detailed in an administrative documenting by IIFL Finance. IIFL Finance, which offers a variety of loans and mortgages, saw an increase in its quarterly interest income to 2,720 crore, up from 2,058 crore yen in the preceding quarter.
NPAs - Gross non-performing assets increased from 1.8 percent at the end of March 2025 to 2.3 percent during the quarter. In a similar case, the net NPAs increased to 1.2 percent from 1.1 percent at the end of the fourth quarter of the previous year. The total CRAR - Capital to Risk-Weighted Assets Ratio was 19.7 percent as of March 31, 2024, exceeding the minimum regulatory requirement of 15 percent.
