RBI on IIFL Finance, JM Financial: Actions to ensure ethical business practice, analysts say
The central bank on March 4 had imposed an embargo on IIFL Finance’s gold loan business and then on JM Financial Products’ loan against shares & IPO financing business the next day, citing persistent regulatory non-compliance and governance issues. Earlier on January 31, RBI had barred Paytm Payments Bank from accepting fresh deposits and doing …