Fairfax India provides $200m liquidity support to IIFL Finance after RBI's gold loan ban.

Fairfax India, backed by billionaire Prem Watsa, is providing up to $200m in liquidity support to non-bank lender IIFL Finance after the Reserve Bank of India (RBI) banned it from disbursing gold loans due to regulatory concerns. IIFL Finance's shares dropped 36% following the RBI's decision. The financial support aims to address concerns among investors and lenders and enable the company to rectify issues identified by the RBI and focus on expanding other business segments.

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