India Infoline Finance (IIFL) is planning to demerge its broking business to meet banking regulations. The company has already received the SEBI nod. After the demerger of broking business, the company would become a listed non-operative holding company, which will fulfill a regulatory requirement for banking license compliance.
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.
