The Reserve Bank of India on Wednesday announced that it has withdrawn the Corrective Action Plan (CAP) imposed on Religare Enterprises‘ wholly-owned subsidiary, Religare Finvest Limited (RFL), with immediate effect from July 23,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.
The company is, however, advised to be in compliance with all the prudential requirements, said the stock exchange filing of Religare Enterprises.
Content Source: economictimes.indiatimes.com