The Reserve Bank of India prohibits JM Financial from providing financing using shares and debentures due to significant shortcomings.
The RBI has banned JM Financial Products Ltd from participating in any financing related to shares and debentures. This includes approving and disbursing loans for initial public offering (IPO) shares and debenture subscriptions. This action against the non-banking financial institution was taken due to notable shortcomings identified in the company’s … Read more
