The RBI has directed JM Financial Products Limited to cease financing against shares and debentures due to significant deficiencies observed in its lending practices. This directive, prompted by a review of the company's books, aims to ensure financial stability and uphold regulatory standards.
Mumbai: Even as many NBFCs are fearing a possible loss of their business to upcoming small finance and payments banks, leading non-banking lender JM Financial today said it does not see any such threats as
New Delhi, May 17: Shares in JM Financial surged as much as 11 per cent to Rs 26.10, extending its previous day's 16 per cent surge after its board approved issue of 11.65 million warrants
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