कोशिश गोल्ड - मुक्त
No loan against shares, debentures: RBI asks JM Fin
The Morning Standard
|March 06, 2024
THE Reserve Bank of India has directed JM Financial Products Ltd (JMFPL) to stop any form of financing against shares and debentures with immediate effect.
This crackdown includes the sanction and disbursal of loans against the initial public offer (IPO) of shares, as well as against subscriptions to debentures.
"The RBI has today, in exercise of its powers under section 45L(1)(b) of the Reserve Bank of India Act, 1934, directed JM Financial Products (JMFPL or 'the company') to cease and desist, with immediate effect, from doing financing against shares and debentures, including sanction and disbursal of loans against IPO of shares as well as against subscription to debentures," RBI said on Tuesday.
यह कहानी The Morning Standard के March 06, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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