December 05, 2024 07:10 (IST)
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RBI prohibits JM Financial Products from financing against shares and debentures

RBI prohibits JM Financial Products from financing against shares and debentures

Mumbai: The Reserve Bank of India (RBI) on Tuesday said that JM Financial Products Ltd is barred from offering any type of financing involving shares and debentures, including granting loans against initial public offerings, effective immediately, media reports said.