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IIFL Finance Limited ( (IN:IIFL) ) has issued an announcement.
IIFL Finance Limited’s board has appointed former Reserve Bank of India Deputy Governor Bibhu Prasad Kanungo as the non-executive independent Chairperson of its board, effective 19 December 2025, strengthening the company’s governance with deep central banking, regulatory and financial sector expertise. The board also approved a proposal, subject to shareholder approval, to enhance the company’s borrowing and security-creation limit from ₹35,000 crore to ₹60,000 crore, signalling an ambition for larger balance sheet expansion, and disclosed that it has complied with an income-tax notice by filing the required return for a specified block period and paying tax of about ₹1.47 crore, closing a regulatory follow-up from an earlier income tax search.
More about IIFL Finance Limited
IIFL Finance Limited is a Mumbai-headquartered non-banking financial company (NBFC) engaged in providing a range of lending and financial services across India. Listed on both the BSE and NSE, it focuses on retail and corporate financing solutions and raises substantial debt capital to support its lending operations and balance sheet growth.
Average Trading Volume: 75,169
Technical Sentiment Signal: Buy
Current Market Cap: 239.4B INR
See more data about IIFL stock on TipRanks’ Stock Analysis page.