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.
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.
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
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.
The stock of JM Financial plunged 8.72 per cent to Rs