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The latest announcement is out from IIFL Finance Limited ( (IN:IIFL) ).
IIFL Finance Limited has designated former Reserve Bank of India Deputy Governor Bibhu Prasad Kanungo as Chairperson of its Board, effective immediately, following a unanimous decision by the board of directors. Kanungo, who currently serves as a non-executive independent director at IIFL Finance, brings more than four decades of experience in central banking, monetary policy and financial regulation, and his elevation is being framed as a move to strengthen the company’s corporate governance, regulatory discipline and institutional resilience, aligning closely with SEBI’s listing and disclosure requirements and signaling a strong focus on independent oversight for stakeholders.
More about IIFL Finance Limited
IIFL Finance Limited is one of India’s leading non-banking financial companies, offering a range of lending and financial services and operating under the country’s regulatory framework for listed entities. The company positions itself with a strong emphasis on corporate governance, independent oversight and regulatory compliance in the Indian financial services market.
Average Trading Volume: 75,169
Technical Sentiment Signal: Buy
Current Market Cap: 239.4B INR
Learn more about IIFL stock on TipRanks’ Stock Analysis page.