"RBI Lifts 7-Month Ban on JM Financial Services, Allowing Financing Against Shares and Debentures" Following the RBI's decision to lift restrictions after seven months, JM Financial Services can now resume offering financing against shares and debentures. The brokerage will operate in compliance with all relevant laws and regulations, effective immediately. JM Financial Services announced on Friday, October 18, that the Reserve Bank of India (RBI) has lifted the restrictions placed on its subsidiary, JM Financial Products Ltd, regarding financing against shares and debentures.
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