Page 3 - Iifl Group

IIFL Securities plunges 18% as Sebi bars onboarding new clients for 2 years

The SEBI has prohibited the Company from onboarding new clients for a period of two years in respect of its business as a stock broker.

SEBI can't afford to be reactive, says order in IIFL Securities matter

SEBI said the notice has violated the provisions of SEBI 1993 Circular in various ways to clearly disregard the basic premise of the said circular both in letter and spirit

Sebi bans IIFL Securities from onboarding new clients for two years

Brokerage was mixing clients' funds with proprietary funds, says Sebi order

IIFL Finance not looking to convert into bank at this point: MD Nirmal Jain

India's economic environment is positive and liquidity has become 'fairly benign', he says

Brokerage industry undergoing big transformation: IIFL Securities chairman

CY23 will be a very topsy-turvy year for equity markets, but it will also be excellent for long-term investors looking for sharp market dips to build strong positions: IIFL Securities chairman

KFin Technologies IPO subscribed 0.70 times on Day 2, issue closes Wed

Financial services firm provides services and solutions to asset managers and corporate issuers

KFin Technologies IPO subscribed 0.5 times on first day of the issue

KFin Technologies was initially looking to launch a Rs 2,400-crore IPO but now, it has reduced the issue size to Rs 1,500 crore to align with market conditions

Near-term headwinds likely to keep staffing solution companies muted

But valuations have turned attractive after sharp corrections since January

Multiple headwinds could act as margin tourniquet for diagnostics

Competitive pressures, valuations cap gains from current levels

IIFL Wealth rebrands as 360 ONE, to rename its MF, PMS and AIF schemes too

The company says it manages over Rs 3.3 trillion through its various mutual fund, PMS, AIF and other products

IIFL Finance's Q2 net profit rises 36% to Rs 397 crore; total income up 19%

IIFL Finance on Wednesday reported a 36 per cent rise in its consolidated net profit at Rs 397 crore in the September quarter. The non-banking finance company had posted a net profit of Rs 292 crore in the same quarter of the preceding fiscal year. The company's total income during the July-September period of 2022-23 rose to Rs 2,051.44 crore as against Rs 1,713.37 crore in the year-ago period, it said in a regulatory filing. The consolidated statement includes results of four subsidiaries -- IIFL Home Finance, IIHFL Sales Ltd, IIFL Samasta Finance and IIFL Open Fintech Pvt Ltd.

Tata Communications: Ongoing supply-side headwinds to hurt near term

Original equipment manufacturer (OEM) lead time issues, which had worsened during the April-June quarter, rose four times as compared to the earlier 12-16 weeks.

IIFL Finance up 8% after ADIA picks 20% in housing fin arm for Rs 2,200 cr

This is the second investment by ADIA in entities working in housing finance space in FY23. Last month, it concluded a deal to pick up 10% in HDFC Capital Advisors for Rs 184 cr

IIFL Home Finance ties up with SBI for affordable housing loans

IIFL HFL, a digital-first home finance company, has signed an agreement with SBI for co-lending of priority-sector home loans

IIFL Finance Q3 profit up 15% at Rs 310 cr backed by home, gold loan biz

IIFL Finance on Friday reported 15 per cent increase in net profit at Rs 310 crore for December quarter 2021-22, backed by growth in home and gold loan businesses. The company had logged a net profit of Rs 269 crore in the year-ago period. Total income during the period under review rose to Rs 1,071 crore from Rs 919 crore in the year-ago quarter. IIFL loan assets under management grew 11 per cent year-on-year driven by sustained growth in home loan and gold loan businesses, the company said in a release. The non-banking financial company said it has a liquidity comfort at an all-time high at Rs 9,145 crore, which is adequate to meet not only all near-term liabilities but also to fund the growth momentum. "Our annualized ROE (return on equity) remained above 20 per cent and ROA (return on assets) above 2.5 per cent. With ongoing expansion, operating cost grew 9 per cent quarter-on-quarter," it said. As of December 31, 2021, the AUM of the company stood at Rs 46,780 crore, with ho

IIFL Fintech Fund to invest Rs 300 crore in early-stage fintech start-ups

The fund will back 25 companies and invest in companies that have affordable products and technologies aiding financial inclusion.

IIFL Fintech Fund to invest Rs 300 cr in early-stage fintech startups

The move is aimed at facilitating the creation of affordable products and technologies that aid financial inclusion

IIFL Home to issue up to Rs 1,000 cr of retail bonds at 8.2-8.75% interest

The NCDs are rated AA by Crisil, and constitute the second of several tranches of retail bond issuance aggregating to Rs 5.000 cr

Q&A: Retail investors now a significant force, says IIFL's Nirmal Jain

In this exclusive interview, Nirmal Jain, founder & chairman, IIFL group, talks about retail frenzy in the stock market and how the retail broking business is faring against this backdrop

IIFL Group case: Sebi refuses to lift capital market ban on 6 individuals

Sebi on Tuesday refused to lift the capital market ban imposed on six individuals for 'front running' the trades of India Infoline Group