IIFL Finance Gets RBI Nod to Expand Credit Services in Jammu & Kashmir

IIFL Finance has secured regulatory approval from the Reserve Bank of India (RBI) to open branches and expand its credit services in Jammu & Kashmir, marking a key step in its mission to promote financial inclusion in underserved regions.
The RBI’s go-ahead will enable the non-banking financial company (NBFC) to establish a formal presence in the Union Territory, where access to credit and other financial services remains limited. By opening new branches, IIFL Finance aims to address the financial needs of unbanked and underbanked communities through customised credit solutions.
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Nirmal Jain, Founder and Managing Director of IIFL Finance, stated that the move reflects the company’s long-standing commitment to extending financial services to those who need them most. He added that the new branches would not only offer credit but also play an essential role in supporting small businesses and families striving to rebuild livelihoods.
“Our products will be tailored to local requirements and designed to make a genuine impact,” Jain said.
IIFL’s expansion into Jammu & Kashmir also aligns with the company’s CSR focus. The IIFL Foundation, active in the region for over ten years, has been working on a range of social initiatives. The synergy between its lending operations and CSR work is expected to enhance the company’s ability to support economic development in the Union Territory.
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Industry experts see this development as a welcome boost to the financial ecosystem in Jammu & Kashmir. IIFL’s entry is likely to encourage entrepreneurship, provide essential credit access, and support the region’s broader economic revival.
With this latest regulatory approval, IIFL Finance strengthens its role as a leading NBFC in India, while reaffirming its goal to bring meaningful financial access to the country’s most underserved areas.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
