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Stock Market Insights With The Bull! (India) @TheBullCharge on x 1594 followers
Created: 2025-07-24 02:02:28 UTC
▪ Religare Enterprises
RBI withdraws corrective action plan imposed on Religare Finvest
Religare Enterprises on Wednesday said the Reserve Bank has withdrawn the conditions imposed under Corrective Action Plan (CAP) on Religare Finvest Ltd (RFL) with immediate effect.
Reserve Bank of India (RBI) had imposed CAP on RFL, a subsidiary of Religare Enterprises, in January 2018 due to the irregularities observed during the inspection for its position as on March 31, 2017.
"RFL is in receipt of a letter dated July 23, 2025, from RBI wherein RBI has withdrawn the conditions imposed under CAP on RFL with immediate effect," Religare Enterprises said in a regulatory filing.
It is advised that the RBI has noted the company's compliance towards adherence to the CAP conditions, Religare Enterprises said, quoting a letter.
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