India's JM Financial jumps after cenbank lifts ban on unit

JM Financial

21/10/2024 05:00

** Shares of India's JM Financial  JMSH.NS  jump ~6% to 168
rupees 
    ** The NBFC on Friday said the Reserve Bank of India (RBI)
lifted the ban on unit JM Financial Products 
    ** In March, the RBI barred JM Financial Products from
issuing loans against shares and debentures, citing regulatory
violations and governance concerns
    ** Stock has risen ~70% YTD 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))