Today news
About the same in other media
Regulatory curbs to hit IIFL Finance, JM Financial Products, say rating companies
Reading now: 870
Crisil Ratings has said that the Reserve Bank of India's regulatory measures will directly impact JM Financial Products' business in IPO financing and lending against shares, while restrictions placed on IIFL Finance will reduce its overall assets under management.
CareEdge, Crisil, and ICRA Ratings have placed IIFL Finance under rating watch following the RBI ban on giving new gold loans. Neither of the rating companies has revised the ratings of both finance companies.
The market regulator Securities and Exchange Board of India on Tuesday sought an explanation from rating agencies on what action they have taken following regulatory action by the RBI on IIFL Finance and JM Financial Products, as reported by ET on January 13.
(You can now subscribe to our ETMarkets WhatsApp channel)
Read more on economictimes.indiatimes.com
About this in other media
IIFL Finance stock hits another 52-week low, lost 44% of its value in 12 sessions livemint.com /1 month ago
Stocks to Watch: Paytm, Eris Life, Biocon, Ashok Leyland, Vedanta, IIFL Finance livemint.com /1 month ago
From kid gloves to sucker punch: What recent RBI crackdowns on JM Financial, IIFL and Paytm Payments Bank show economictimes.indiatimes.com /1 month ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
