JM Financial shares plunge 19% after RBI action
The RBI on Tuesday barred JM Financial Products from giving loans against shares and debentures, including sanction and disbursal of loans against IPO of shares, with immediate effect.
jm financial products
March 2024
RBI orders JM Financial to stop financing against shares, debentures
Apart from violating regulatory guidelines, there are serious concerns about governance issues in JM Financial Products, says RBI
