Sebi issues Rs 130 cr demand notices to 5 entities in Reliance Home Fin fund diversion case, ET LegalWorld
Sebi on Monday asked five entities, including Netizen Engineering and Citi Securities and Financial Services, to pay Rs 130 crore for the illegal diversion of funds from Reliance Home Finance Ltd. The regulator has warned these entities to attach assets and bank accounts if they fail to make the payment within 15 days. Those who […]
CCI clears JM Financial’s 43 pc stake buy in JM Fin Credit Solutions, ET LegalWorld
Fair trade regulator CCI on Tuesday cleared JM Financial’s proposed acquisition of a 43 per cent stake in JM Financial Credit Solutions Ltd. JM Financial Credit Solutions is an RBI-registered systemically important non-deposit-taking non-banking finance company (NBFC). It is a subsidiary of JM Financial Ltd (JMFL). It is engaged in wholesale lending activities with a […]
RBI approves reappointment of P K Gupta as Utkarsh Small Fin Bank chairman, ET LegalWorld
Utkarsh Small Finance Bank on Thursday said the Reserve Bank of India has approved the reappointment of Parveen Kumar Gupta as non-executive Chairman. Gupta retired as a Managing Director of State Bank of India, after working for 38 years in India and abroad, the bank said in a regulatory filing. He was also associated with […]