Top domestic brokerage houses have made a combined Rs 50 provision for losses that may arise out of margin funding after the recent market crash.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		</script> </DIV><p class='TableClas'>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.
</p><p class='TableClas'>&#34We are making a provision for the first time,&#34 said Dipti Neelakantan, chief operating officer at J M Financial. The company has set aside the money in its subsidiary JM Financial Products and 
</p><p class='TableClas'>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 

Brokerages set aside Rs 50 cr for losses

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