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Religare Finvest Unbound: RBI’s CAP Exit Marks Strategic Turning Point

Updated: July 23, 2025 18:58

Image Source : Groww
Religare Enterprises Ltd has announced a major regulatory breakthrough as the Reserve Bank of India (RBI) officially withdrew the Corrective Action Plan (CAP) imposed on its wholly owned subsidiary, Religare Finvest Ltd (RFL), effective July 23, 2025.
 
Key developments:
 
- The CAP was originally enforced in January 2018 due to financial irregularities and governance lapses observed during RBI’s 2017 inspection
 
- RBI’s decision follows RFL’s full compliance with CAP conditions, including a complete overhaul of its management and board structure
 
- RFL has repaid Rs 9,000 crore in external debt and resolved all legacy issues, clearing its default status
 
- With the CAP lifted, RFL can now resume lending operations, expand its credit portfolio, and pursue strategic growth initiatives
 
- RBI has advised continued adherence to prudential norms to ensure long-term financial discipline
 
Strategic context:
 
This marks a turning point for Religare Group’s transformation into a robust financial services conglomerate.
 
Sources: Moneycontrol, Financial Express, Economic Times, Religare Enterprises Ltd official filings, NDTV Profit

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