Now, JM Financial Products is under RBI’s scanner
The central bank says the financial services firm violated regulatory guidelines and has raised ‘serious concerns’ about governance issues.
5 March, 2024•1 min
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5 March, 2024•1 min
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RBI wants IndusInd Bank promoters, the Hindujas, cut to size
After successive controversies and growing unease over promoter influence, the central bank is reshaping the lender—starting with management, moving to its board and tightening the screws on ownership.
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