Religare Finvest to restart business in January, debt recast at final stage
Sun, Nov 28, 2021 4:15 PM

Religare Finvest to restart business in January, debt recast at final stage

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Religare Finvest Ltd (RFL) is ready to restart its business come the new year 2022, with its debt recast at final stages. The Chairperson Rashmi Saluja said, the RFL, which is a NBFC arm of Religare Enterprises Ltd, has been suspended from undertaking fresh business as it is under corrective action plan (CAP) of the Reserve Bank of India (RBI) since January 2018, due to its weak financial health.

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