The Nimesh Kampani-promoted JM Financial, a leading financial company, is the latest to join the list, as it made a provision of Rs 12 crore.
"We are making a provision for the first time," said Dipti Neelakantan, chief operating officer at J M Financial. The company has set aside the money in its subsidiary JM Financial Products and
Services (JMFPSL), a non-banking financial company dedicated to margin financing and securitising. JMFPSL is running a loan book of over Rs 1,000 crore. Neelakantan said it is a