IIFL Finance eyes 400 million ECB borrowing as gold loans power turnaround prospects

Published on 6 May 2026

Last attempt failed in March—what changed now

IIFL Finance plans to raise up to $400 million via external commercial borrowings, with Standard Chartered, JPMorgan, and HSBC arranging the deal. The company’s earlier March attempt did not go through, but improving investor sentiment and strong momentum in its gold loan business have strengthened its funding outlook.

IIFL Finance targets up to $400 million through ECBs
Standard Chartered, JPMorgan and HSBC are arranging the borrowing
A prior March attempt failed, but sentiment has improved
Gold loan growth is driving stronger business expectations

#iifl finance #external commercial borrowings #banking #ecb #gold loans

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

IIFL Finance eyes 400 million ECB borrowing as gold loans power turnaround prospects

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