Select Page

Mumbai: Crisil Ratings has said that the Reserve Bank of India’s regulatory measures will directly impact JM Financial Products’ business in IPO financing and lending against shares, while restrictions placed on IIFL Finance will reduce its overall assets under management.

CareEdge, Crisil, and ICRA Ratings have placed IIFL Finance under rating watch following the RBI ban on giving new gold loans. Neither of the rating companies has revised the ratings of both finance companies.

The market regulator Securities and Exchange Board of India on Tuesday sought an explanation from rating agencies on what action they have taken following regulatory action by the RBI on IIFL Finance and JM Financial Products , as reported by ET on January 13.

  • Published On Mar 14, 2024 at 08:28 AM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETBFSI App

  • Get Realtime updates
  • Save your favourite articles

icon g play

icon app store


Scan to download App
bfsi barcode

Share it on social networks