IIFL Finance Gets Approval to Open Branches in J&K

27 May 2025 CW Team

IIFL Finance Limited, a leading retail-focused non-banking financial company (NBFC), has received regulatory approval to open branches in the Union Territory of Jammu & Kashmir. The expansion is aimed at promoting financial inclusion in unbanked and underbanked areas, particularly those affected by livelihood disruptions.

This move aligns with the company’s broader mission of delivering formal credit access to underserved communities. IIFL plans to offer tailored credit solutions to help revive small businesses and support households in the region. The expansion also complements IIFL’s long-standing Corporate Social Responsibility (CSR) efforts in Jammu & Kashmir.

Through the IIFL Foundation, the company has been active in community initiatives such as education, healthcare, and skill development in Kupwara, Baramulla, and Srinagar. Collaborations with the Indian Army have enabled skill-building programmes benefiting over three hundred local youth across retail, hospitality, and digital trades. Recently, the foundation also donated an ambulance to the remote Lolab Valley.

With over eight million customers and a network of more than 4,900 branches, IIFL Finance continues to strengthen its footprint across India by combining physical reach with digital access.

Source:Press release issued by IIFL Finance Limited

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