Religare Enterprises Ltd announced that the Reserve Bank of India (RBI) has withdrawn the Corrective Action Plan (CAP) imposed on its material wholly-owned subsidiary, Religare Finvest Limited (RFL), with immediate effect from July 23, 2025.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.
The RBI's decision to withdraw the CAP is based on RFL's compliance with the conditions set forth under the CAP. Additionally, the RBI has noted the change in management and directors of the company.
The RBI has advised Religare Finvest Limited to continue adhering to all prudential requirements.
The withdrawal of the CAP is expected to allow Religare Finvest Limited to operate with greater flexibility and pursue its growth strategies more effectively. This development may have a positive impact on the overall financial health and market position of Religare Enterprises Limited.
The announcement was made by Religare Enterprises Ltd to the National Stock Exchange of India Ltd and BSE Limited on July 23, 2025, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
