INSUBCONTINENT EXCLUSIVE:
The rating action came shortly after the RBI lifted the curbs imposed on March 4, 2024.
The rating agency, in a statement placed on its
This has led to a moderation in the financial flexibility of the group and affected the profitability of the company and its liability
share amidst a competitive landscape will be a key monitorable, the rating agency said.
CARE said it continues to factor in the comfortable
capital structure at the consolidated level, strong institutional ownership, a diversified loan portfolio, and an experienced management
Additionally, capitalisation levels are expected to remain comfortable.
At the standalone level, IIFL reported a capital adequacy ratio
(CAR) of 27.81 per cent as of June 30, 2024, compared to the regulatory CAR requirement of 15 per cent, indicating an adequate capital
gold loan business and fresh capital raised through a rights issue of equity shares.First Published: Sep 20 2024 | 2:35 PMIST
