JM Financial, Reserve Bank of India
JM Financial share price jumps 6% to 52-week high as RBI lifts ban on subsidiary
JM Financial’s share price surged 6%, reaching a 52-week high, after the RBI lifted restrictions on subsidiary JM Financial Products. The subsidiary can now resume financing activities after a ban imposed due to governance issues was removed.
JM Financial shares zoom 6% after RBI lifts curbs on co’s non-banking unit
Shares of JM Financial will be closely watched after the RBI lifted a ten-month ban on its subsidiary, JM Financial Products Ltd, allowing it to resume business activities tied to funding for shares and bonds following rectification of previous regulatory violations and governance issues.
India's central bank lifts restrictions on JM Financial's non-banking unit
JM Financial said on Friday that the Reserve Bank of India has lifted the ban on one of its units, allowing it to resume financing activities related to shares and debentures, including providing loans for IPO subscriptions.
JM Financial jumps 6% as RBI lifts curbs on financing against shares
JM Financial shares surged 6 percent in the morning session on October 21 despite a muted market sentiment as the Reserve Bank of India has lifted restrictions from its subsidiary JM Financial Products Ltd from financing against shares and debentures.
RBI lifts restrictions on JM Financial Services from financing against shares, debentures after seven months
With RBI lifting the restrictions after seven months, the domestic brokerage is permitted to provide financing against shares and debentures with immediate effect in compliance with all applicable laws and regulations.
JM Financial soars after RBI lifts lending restriction imposed on subsidiary
JM Financial surged 5.23% to Rs 167 after the Reserve Bank of India (RBI) announced the lifting of restrictions imposed by it on JM Financial Products, a material subsidiary of the company.
RBI lifts restrictions on JM Financial Products' financing against shares, debentures
JM Financial Products has been directed to cease and desist, with immediate effect, from doing any form of financing against shares and debentures, including sanction and disbursa
RBI lifts restrictions on JM Financial
The Reserve Bank of India has lifted restrictions on JM Financial Products Ltd. This allows the company to resume financing against shares and debentures. The restrictions were imposed in March due to deficiencies in loan practices.
RBI lifts restrictions on JM Financial's financing against shares, debentures
JM Financial Limited announced today that the Reserve Bank of India ( RBI ) has lifted the restrictions placed on its subsidiary, JM Financial Products Ltd (JMFPL), regarding financing against shares and debentures.
JM Financial shares rise 6% in early deals, here's why
JM Financial stock climbed 6.39% to Rs 168.85 against the previous close of Rs 158.70 . Market cap of the firm stood at Rs 15 ...
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JM Financial Gears Up for Strategic Consolidation with Key Acquisitions
JM Financial Ltd. receives CCI approval for acquiring significant stakes in JM Financial Credit Solutions and JM Financial ...
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Stock Radar: HDFC Bank, Tech Mahindra, JSW Steel, UCO Bank, JM Financial, MCX, Tata Consumer in focus on Monday
Provisions and contingencies drop to Rs 2,700.5 crore Vs Rs 2,903.8 crore (YoY), but down from Rs 2,602.06 crore (QoQ) HDFC ...
BHEL shares headed for 45% upside? Brokerage JM Financial believes so
BHEL dropped 3 per cent to Rs 246.65 on Friday. However, the stock rebounded and traded near its previous close at Rs 254.05, ...