JM Financial

2024 - 3 - 6

RBI Cracks Down on JM Financial: Shares Plummet 19% Amidst Ban

JM Financial share governance issues - investors - JM Financial - lending against shares - market impact - RBI - regulatory guidelines - SEBI - share price - JM Financial share

JM Financial faces a massive setback as RBI bars lending against shares and debentures, causing a 19% crash in share prices. #JMFInancial #RBICrackdown

JM Financial is reeling from a major blow as the Reserve Bank of India (RBI) has taken strict action against the investment banking firm. The RBI has banned JM Financial Products Ltd from providing loans against shares and debentures, citing regulatory and governance lapses. This move has led to a sharp 19% drop in JM Financial share prices, causing turmoil in the market.

Despite JM Financial denying any wrongdoing in its loan sanctioning process, the RBI's decision to restrict lending against shares has significantly impacted the company's financial standing. The central bank's concerns over governance issues and violations of regulatory guidelines have further worsened the situation for JM Financial. Investors are closely monitoring the developments as the company navigates through this challenging period.

In a surprising turn of events, JM Financial's stock price plummeted further by 15% following the RBI's restrictions on shares and IPO activities. This additional hit has raised eyebrows in the financial sector, highlighting the seriousness of the regulatory measures imposed by the RBI. The future for JM Financial remains uncertain as it grapples with the aftermath of the RBI's stringent actions.

This incident serves as a cautionary tale for financial institutions about the importance of adhering to regulatory guidelines and maintaining strong governance practices. JM Financial's case underscores the ripple effects that regulatory non-compliance can have on a company's reputation and market value. As the industry watches how JM Financial navigates through this crisis, the focus on regulatory compliance and governance standards is now more critical than ever.

Post cover
Image courtesy of "Business Today"

JM Financial shares views on violation of regulatory guidelines ... (Business Today)

JM Financial said it undertook a detailed review of the order issued by the RBI on the action and strongly felt that there was no material deficiencies in ...

Post cover
Image courtesy of "Livemint"

JM Financial share price crashes 19% after RBI bans lending ... (Livemint)

RBI barred JM Financial Products Ltd from giving loans against shares and debentures citing regulatory and governance lapses.

Post cover
Image courtesy of "CNBCTV18"

JM Financial Shares fall 15% post RBI restrictions on shares, IPO ... (CNBCTV18)

The Reserve Bank of India observed that JM Financial repeatedly helped a group of its customers to bid for various IPO and NCD offerings by using loaned ...

Post cover
Image courtesy of "The Economic Times"

JM Financial share price: JM Financial shares plunge 19% after RBI ... (The Economic Times)

Shares of JM Financial plunged 19% after RBI barred JM Financial Products from undertaking business in shares and bonds funding. RBI directed JM Financial ...

Post cover
Image courtesy of "NDTV Profit"

JM Financial Denies RBI Claims Of Deficiencies In Loans Sanctioned (NDTV Profit)

JM Financial Ltd. has denied any wrongdoing in its loan-sanctioning process after the Reserve Bank of India barred the investment banking firm from ...

Post cover
Image courtesy of "Business Today"

SAMIL, BHEL, YES Bank, JM Financial, GTL Infra, Suzlon shares ... (Business Today)

Samvardhana Motherson International Ltd (SAMIL), BHEL, Suzlon Energy Ltd, YES Bank Ltd, GTL Infra and JM Financial Ltd, among others, tanked up to 19 per ...

Post cover
Image courtesy of "Business Standard Hindi"

RBI के एक्शन के बाद JM Financial के शेयरों में तगड़ी गिरावट, 19% फिसले ... (Business Standard Hindi)

JM Financial Share Price: RBI ने रेगुलेटरी और गवर्नेंस संबंधी खामियों का हवाला देते हुए जेएम फाइनेंशियल प्रोडक्ट्स पर शेयरों और डिबेंचर के ...

Post cover
Image courtesy of "Moneycontrol.com"

RBI bars JM Financial from financing against shares and debentures ... (Moneycontrol.com)

The central bank said there are serious concerns on governance issues in the company, apart from violation of regulatory guidelines.

Post cover
Image courtesy of "Times of India"

RBI bars JM Financial's arm from lending against shares (Times of India)

India Business News: MUMBAI: RBI on Tuesday barred JM Financial Products from extending loans against shares, including financing subscriptions to IPOs of ...

Post cover
Image courtesy of "NDTV India"

RBI का JM फाइनेंशियल पर बड़ा एक्शन, शेयर, डिबेंचर्स के बदले लोन देने पर ... (NDTV India)

RBI की ओर से जारी किए गए बयान के मुताबिक उसे कंपनी के IPO और नॉन-कन्वर्टिबल डिबेंचर्स (NCD) के सब्सक्रिप्शन के लिए दिए गए लोन में ...

Post cover
Image courtesy of "Moneycontrol.com"

JM Financial tanks 19% as RBI restricts lending against shares ... (Moneycontrol.com)

The stock of JM Financial crashed 19 percent on March 6, a day after the Reserve Bank of India (RBI) imposed restrictions on the company on loan ...

Post cover
Image courtesy of "Hindustan हिंदी"

RBI के फैसले के बाद बुरी तरफ टूटा यह शेयर, निवेशकों में हड़कंप, शेयर बेचने ... (Hindustan हिंदी)

JM Financial share price: जेएम फाइनेंशियल प्रोडक्ट्स लिमिटेड के शेयर आज बुधवार को फोकस में हैं। कंपनी के शेयरों में तगड़ी गिरावट आई है।, ...

Post cover
Image courtesy of "Hindustan Times"

JM Financial share price crashes 19% after RBI ban: What's ... (Hindustan Times)

JM Financial share price: JM Financial Products is barred from sanctioning and disbursing loans against Initial Public Offering (IPO) of shares.

Post cover
Image courtesy of "NDTV India"

RBI की कार्रवाई की बाद 19% गिरे JM Financial के शेयर, मार्केट कैप 1484 ... (NDTV India)

JM Financial Share Price Today: बीएसई पर कंपनी का शेयर 19.29 प्रतिशत गिरकर 77.10 रुपये पर आ गया. वहीं एनएसई पर यह 18.75 ...

Post cover
Image courtesy of "The Hindu BusinessLine"

RBI directs JM Financial Products to halt financing against shares ... (The Hindu BusinessLine)

RBI cracks down on NBFCs IIFL Finance and JM Financial Products for serious deficiencies in IPO and NCD financing.

Post cover
Image courtesy of "दैनिक जागरण"

RBI के एक्शन के बाद गिर गए JM Financial के शेयर, कंपनी का एम-कैप में ... (दैनिक जागरण)

JM Financial Share आज शेयर बाजार में गिरावट देखने को मिली है। इस गिरावट में आज जेएम फाइनेंशियल (JM Financial) के स्टॉक में गिरावट देखने ...

Post cover
Image courtesy of "Business Standard Hindi"

JM Financial का शेयर 11 प्रतिशत लुढ़का, MCap में 979 करोड़ रुपये की ... (Business Standard Hindi)

JM Financial ग्रुप ने एक बयान जारी कर अपनी लोन मंजूरी प्रक्रिया में किसी भी खामी से इनकार कर दिया और कहा कि उसने लागू नियमों का ...

Post cover
Image courtesy of "आज तक"

RBI Action: Paytm, IIFL Finance के बाद अब JM Financial पर गाज, शेयर ... (आज तक)

Paytm Payment Bank पर एक्शन के बाद रिजर्व बैंक (RBI) का सख्त रुख लगातार बना हुआ है. बीते सोमवार को केंद्रीय बैंक ने IIFL को गोल्ड लोन ...

Post cover
Image courtesy of "The Economic Times"

Sebi: Sebi likely to issue order on JM Financial - The Economic Times (The Economic Times)

Sebi has observed certain malpractices being adopted in primary market activities in relation to IPO subscription numbers, said a person close to the ...

Post cover
Image courtesy of "The Economic Times"

RBI bars JM Financial Products from share and bond funding due to ... (The Economic Times)

The RBI statement directed JM Financial Products to “cease and desist, with immediate effect, from doing any form of financing against shares and debentures ...

Post cover
Image courtesy of "Wonder Woman"

JM Financial: RBI concerned about KYC, AML rule violations, wide ... (Wonder Woman)

On Tuesday, the RBI said the action was taken after observing certain serious deficiencies in the financial services firm's loan process.

Post cover
Image courtesy of "मनी कंट्रोल"

JM Financial Products पर पिछले एक साल से थी SEBI की नजर, चल रही थी ... (मनी कंट्रोल)

भारतीय प्रतिभूति और विनिमय बोर्ड (SEBI) को यह भी संदेह है कि कई एनबीएफसी नियमित रूप से एक ग्राहक के लिए आरबीआई की 1 करोड़ ...

Post cover
Image courtesy of "Zee Business"

JM Financial touches lower circuit after RBI bans it from financing ... (Zee Business)

JM Financial Share Price: On Tuesday, the Reserve Bank banned JM Financial from providing any form of financing against shares and debentures, ...

Big movers on D-Street: What should investors do with JM Financial ... (The Economic Times)

Stocks that were in focus included names like JM Financial, which fell 10.42%, Samvardhana, which declined 3.83%, and L&T Finance, whose shares dropped ...

Post cover
Image courtesy of "Livemint"

RBI on IIFL Finance, JM Financial: Actions to ensure ethical ... (Livemint)

RBI imposed an embargo on IIFL Finance's gold loan business and then on JM Financial Products' loan against shares & IPO financing business, ...

Post cover
Image courtesy of "मनी कंट्रोल"

JM Financial के खिलाफ कड़े कदम उठाने के लिए RBI क्यों मजबूर हुआ? (मनी कंट्रोल)

SEBI ने जेएम फाइनेंशियल के बारे में RBI को कुछ जानकारियां भेजी थी। इसके आधार पर केंद्रीय बैंक ने एनबीएफसी के बुक्स पर गौर किया।

Post cover
Image courtesy of "Moneycontrol.com"

JM Financial: RBI worried about KYC, AML rule violations, sharing of ... (Moneycontrol.com)

On March 5, the RBI barred JMFPL from giving loans against shares and debentures, including sanction and disbursal of loans against Initial Public Offering ...

Explore the last week