Brief: JM Financial Says Strongly Believe No Material Deficiencies In JM Financial Products's Loan Sanctioning Process

JM Financial

06/03/2024 03:17

March 6 (Reuters) - JM Financial On RBI Action Against
JM Financial Products:
    * STRONGLY BELIEVE THERE HAVE BEEN NO MATERIAL DEFICIENCIES
IN JM
FINANCIAL PRODUCTS'S LOAN SANCTIONING PROCESS
    * JM FINANCIAL PRODUCTS HAS NOT VIOLATED APPLICABLE RBI
REGULATIONS
    * JM FINANCIAL PRODUCTS SHALL CONTINUE TO SERVICE ITS
EXISTING
CUSTOMERS AS ADVISED BY THE RBI
    * THERE HAVE BEEN NO GOVERNANCE ISSUES WHATSOEVER AT JM
FINANCIAL
PRODUCTS
    * PRACTICE OF TAKING POWER OF ATTORNEY PREVALENT ACROSS THE
INDUSTRY, PERFECTLY LEGAL
    * WILL FULLY COOPERATE WITH RBI IN THEIR SPECIAL AUDIT
INITIATIVE

Further company coverage:  JMSH.NS 

 ((Reutersbriefs@thomsonreuters.com;))