
RBI imposes monetary penalty on JM Financial Products Limited
Mumbai, Mar 13 (UNI) The Reserve Bank of India has imposed a monetary penalty of Rs 3.10 lakh on JM Financial Products Limited for non-compliance with certain provisions of the ‘Master Direction – Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016’ issued by RBI. The statutory…