SBI set to hire six banks for up to $2.3 billion share sale

SBI set to hire six banks for up to $2.3 billion share sale

State Bank of India is set to hire Bank of America Merrill Lynch, Deutsche Bank, IIFL, JM Financial, Kotak and SBI Capital to manage a share sale of up to 150 billion rupees.

May 26, 2017, 10:14 AM IST

SBI sells 4% stake in Cibil to IIFL for around Rs 72 cr

State Bank of India has sold 4 percent stake in the largest credit information company Credit Information Bureau India Ltd (Cibil) for an estimated Rs 72 crore.

Mar 10, 2015, 21:19 PM IST

NSEL scam: Brokers of IIFL, Anand Rathi, Geojit arrested

Three senior officials of commodity brokerages IIFL, Anand Rathi and Geojit Comtrade were arrested Tuesday in connection with the Rs 5,600-crore National Spot Exchange scam.

Mar 03, 2015, 18:04 PM IST

India Infoline completes sale of 76% stake in Lankan unit

IIFL on Friday said it has completed sale of its 76 percent stake to its Sri Lankan subsidiary.

Mar 21, 2014, 19:25 PM IST

IIFL Q1 Net up 21% at Rs 63 cr

Total income of the company grew to Rs 676 crore in the first quarter, up 16 percent from a year ago.

Jul 23, 2013, 16:11 PM IST

IIFL raises alternate investment fund of Rs 628 crore

In a statement, the company has claimed that the commitments of Rs 628 crore it has received for the IIFL Income Opportunities Fund is the country's largest AIF fund raising till date.

Apr 23, 2013, 18:31 PM IST

IIFL group pitches for banking entry

"I am confident each of our over 4,000 branches spanning 900 locations can be converted into a bank," IIFL group Chairman Nirmal Jain said.

Feb 17, 2013, 13:17 PM IST

IIFL expects capital adequacy to grow to 23% post-NCD issue

The financial services firm, a unit of India Infoline, plans to raise Rs 500 crore through a public issue of un- secured redeemable non-convertible debentures (NCDs), which will open for subscription on September 5 and close on September 18.

Aug 29, 2012, 20:50 PM IST

IIFL net flat in Q4 at 46.9 cr despite 72.5% rise in income

Net profit stood at Rs 46.79 crore in the same period last year.

May 16, 2012, 00:25 AM IST

IIFL ropes in Nomura's Goel as i-banking president

Diversified financial services provider India Infoline (IIFL) on Friday appointed Nipun Goel as president of its investment banking division.

Mar 09, 2012, 18:47 PM IST

IIFL net plunges 46.6% to Rs 35.8 cr

Financial services provider India Infoline (IIFL) on Saturday reported a 46.6 percent drop in its net profit to Rs 35.81 crore in the third quarter owing to sluggish growth in equities trading volume.

Feb 04, 2012, 21:24 PM IST