India's IIFL Finance faces liquidity crunch after RBI curbs on its gold loans business: report

India's IIFL Finance faces liquidity crunch after RBI curbs on its gold loans business: report

FILE PHOTO: The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016. REUTERS/Danish Siddiqui//File Photo

India’s IIFL Finance is facing a liquidity crunch as banks have turned cautious while lending to it following a clampdown on the non-bank lender’s gold loan business, a senior official and two bankers told Reuters.