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RBI lifts restrictions on JM Financial Products Ltd after seven months due to regulatory violations.
The Reserve Bank of India (RBI) has removed restrictions on JM Financial Products Ltd, a subsidiary of JM Financial Ltd, after a seven-month period.
These restrictions were initially imposed due to regulatory violations in financing against shares and debentures.
Following a special audit, the company can now resume its business activities while adhering to applicable laws and regulations.
JM Financial Products is a significant non-banking finance company with a loan book of Rs 4,600 crore.
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RBI levanta las restricciones a JM Financial Products Ltd después de siete meses debido a infracciones reglamentarias.