IIFL Finance Limited CC-Jun24.pdf · 2024-08-07
Just one question, and I would appreciate comments from the management on this. A few years back you sold your vehicle financing business to one of the other NB FCs. That business had significant issues, subsequent to the other NBFC taking it over. You have now had a situation wherein the gold finance business has seen an embargo imposed by RBI . Sir, w hat are the learnings that the management has drawn from these episodes? And can you afford any similar accidents in any other business lines? Thank you.
And I hope sincerely that we do not end up hearing such incidents in any of the other financing businesses, because ultimately that has significant ramifications on the confidence of lenders, the confidence of the regulator and everybody else with respect to your ability to conduct any funding businesses going forward. I hope that is well understood within the management.