Regulatory Double Blow: JM Financial Debarred by SEBI and RBI Over Public Debt and Financing Against Shares
In a significant regulatory development, JM Financial finds itself facing dual prohibitions from two key financial regulatory bodies in India. The Securities and Exchange Board of India (SEBI) has barred JM Financial from serving as a lead manager for any public debt issue. Concurrently, the Reserve Bank of India (RBI) has prohibited JM Financial from … Read more