MoneyWorks4Me

India Infoline’s arm receives registration from PFRDA to act as Aggregator

13 Mar 2012 Evaluate

India Infoline Finance (IIFL Finance), the NBFC arm of India Infoline Group, India's leading financial services provider, has received registration from Pension Fund Regulatory and Development Authority (PFRDA) to act as Aggregator under National Pension System (NPS).

This will enable IIFL Finance to distribute pension products under PFRDA NPS - LITE primarily targeting marginal investors and promote small savings among the public investors through its various branches and offices.

IIFL Finance, a subsidiary of India Infoline is registered with Reserve Bank of India as a non-banking finance company. IIFL offers a broad suite of lending and other financial products to both retail and corporate clients.

India Infoline offers financial services ranging from equities, derivatives, commodities, wealth management, asset management, insurance, fixed deposits, loans, investment banking, GoI bonds and other small savings instruments.

Peers
Company Name CMP
Bajaj Finance 1034.20
Shriram Finance 1028.00
Aditya Birla Capital 398.60
Tata Capital 362.80
Chola Invest & Fin. 1845.00
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