RBI has lifted its ten-month-long restrictions on JM Financial Products after a special audit and rectification of regulatory and governance lapses. The company assures continued adherence to compliance standards in its financing activities. The company has a loan book of Rs 4600 crore and assets under management of Rs 7197 crore at the end of Q3FY24, according to the stock exchange disclosures.
Open FlipArjun Sethi is a renowned angel investor and entrepreneur, known for backing early-stage tech startups and his leadership in venture capital. Having co-founded Tribe Capital and Foundation Robotics Labs, he is a prominent name in the startup ecosystem. Some notable investments- 💰Slingshot AI, 💰GetDynasty, 💰Doola, 💰Crunch (India), 💰Documatic, 💰QuestBook. [📢Source: Pitchbook]
Open FlipThe total amount of crypto-collateralized loans within 5% of their liquidation price is at its highest in over two years. The total amount of crypto-collateralized loans within 5% of their liquidation price is at its highest in over two years, according to IntoTheBlock. The surge in the so-called high-risk loans indicates potential liquidation cascades and market volatility ahead.
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