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- IIFL represents India Infoline Finance Limited.
- The organization’s geological nearness traverses the length and broadness of the nation with 2,372 branches across 500+ urban areas.
- It is a main enhanced finance organization in India, situated in Mumbai.
- It is established by Nirmal Jain in October 1995.
- IIFL’s item contributions incorporate home loans, gold loans, business loans including loans against property and medium and little endeavor financing, miniaturized scale finance, designer and development finance and capital market finance; taking into account both retail and corporate customers.
- IIFL is considered as a part of the main seven budgetary combinations in India.
- It was in the past called India Infoline Investment Services Limited, renamed India Infoline Finance Limited in November 2011.
- It is an auxiliary of IIFL Holdings Limited.
- The Board of Directors of IIFL Finance Limited at its gathering hung on January 31, 2018, had affirmed the rearrangement of IIFL Group, which came about into three recorded substances – IIFL Finance, IIFL Wealth, and IIFL Securities. The merger of India Infoline Finance Limited with IIFL Finance Limited got powerful from 30th March 2020.
iifl full form –
I = India
I = infoline
F = finance
L = limited