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RBI withdraws conditions on Religare Finvest under corrective active plan with immediate effect

RBI withdraws conditions on Religare Finvest under corrective active plan with immediate effect

Time of India23-07-2025
The Reserve Bank of India on Wednesday announced that it has withdrawn the Corrective Action Plan (CAP) imposed on
Religare Enterprises
' wholly-owned subsidiary,
Religare
Finvest Limited (RFL), with immediate effect from July 23, 2025.
The CAP was initially imposed on January 18, 2018, due to irregularities observed during the inspection as of March 31, 2017.
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The company is, however, advised to be in compliance with all the prudential requirements, said the stock exchange filing of Religare Enterprises.
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