RBI Lifts Corrective Action Against Religare Finvest: Positive Steps Forward, ETLegalWorld

RBI Lifts Corrective Action Against Religare Finvest: Positive Steps Forward, ETLegalWorld

Religare Enterprises on Wednesday said the Reserve Bank has withdrawn the conditions imposed under Corrective Action Plan (CAP) on Religare Finvest Ltd (RFL) with immediate effect.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…

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