Fuelled by improved market sentiments and robust underlying demand, fundraising by issuing shares/units to institutional investors soared to Rs 78,000 crore in 2023-24, a more than seven-fold surge year-on-year.
In June, the boards of private sector lender ICICI Bank and its broking arm ICICI Securities had approved the delisting of equity shares of ICICI Securities
In the last few weeks, India’s top two financial regulators have flexed their muscles to teach market participants some basic lessons in prudence and regulatory compliance. First, the Reserve Bank of India (RBI) imposed business restrictions on Paytm Payments Bank Ltd for repeated violation of norms over several years.
Get latest articles and stories on Latest News at LatestLY. Shares of JM Financial tanked 9 per cent in the mid-session trade on Monday after Sebi had barred JM Financial Ltd from accepting new mandates to act as a lead manager for the public issue of debt securities, for flouting regulatory norms. Latest News | JM Financial Shares Tank 9 Pc in Morning Trade.
Several financial institutions, including IIFL Finance, Paytm Payments Bank, and JM Financial, have come under intense regulatory scrutiny, sparking concerns across the financial sector.