
New Launch24 May 2025, 07:00 pm
IIFL Finance Receives Approval to Open Branches in Jammu & Kashmir
AI Summary
IIFL Finance, a leading non-banking financial company (NBFC), has received the necessary regulatory approvals for opening branches and expanding its credit services to the Union Territory of Jammu & Kashmir. This move is aimed at delivering essential financial services in unbanked and underbanked areas, where access to formal credit has historically been limited. IIFL's presence in Jammu & Kashmir complements its Corporate Social Responsibility activities in the state, including ongoing programs in Kupwara, Baramulla, Srinagar, and other areas that focus on education, skill development, healthcare and community empowerment.
Key Highlights
- IIFL Finance receives regulatory approvals to open branches in Jammu & Kashmir
- Move aimed at delivering essential financial services in unbanked and underbanked areas
- IIFL's presence complements its CSR activities in the state
- IIFL Foundation has been present in Kashmir for over a decade
- IIFL Foundation has collaborated with the Indian Army for a successful skill development program