Sponsored Ad | Levenstein Crypto Conference - Leaderboard

Fairfax India to provide $200m liquidity support to IIFL Finance after RBI ban

Fairfax India to provide $200m liquidity support to IIFL Finance after RBI ban

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 said on Wednesday that top shareholder Fairfax India has agreed to provide up to $200 million in liquidity support to the company, days after the country’s central bank barred the firm from disbursing gold loans, raising liquidity concerns among investors and lenders.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter