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RBI To Conduct Special Audit For Regulatory Breaches By IIFL Finance, JM Financial Products

RBI To Conduct Special Audit For Regulatory Breaches By IIFL Finance, JM Financial Products
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RBI to start special audit for IIFL Finance, JM Financial Products from April 12

On March 4, the RBI asked IIFL Finance to stop sanctioning or disbursing gold loans with immediate effect after observing certain material supervisory concerns in the company s gold loan portfolio.

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Why are RBI and Sebi spooked about JM Financial Products?

RBI and Sebi barred JM Financial Products from taking any new mandate for acting as a lead manager to any public issue of debt securities

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Latest News | JM Financial Shares Tank 9 Pc in Morning Trade

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.

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More shadow banks to come under glare as RBI tries to curb sensitive sector lending

The RBI wants to avoid a potential build-up of crisis in high-risk lending by taking pre-emptive actions wherever it identifies unhealthy lending practices

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