Fitch places IIFL Finance on rating watch negative





Rating watch negative on IIFL Finance follows RBI directive on co

Impact of restrictions will depend on duration, any spill-over effects on rest of IIFL Finance's business

Recent developments raise IIFL Finance's exposure to regulatory compliance and reputational risk

Franchise risk could extend beyond IIFL Finance's gold-loan portfolio if repercussions spill over into co's other product lines

Any contagion effects on funding availability could weigh on IIFL Finance growth

Prolonged stoppage on new gold loans likely to dampen portfolio growth, profitability of as existing loan base runs down


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