MoneyWorks4Me

Religare Enterprises’ arm obtains corporate agency license from IRDA

12 Mar 2012 Evaluate

Religare Enterprises’ subsidiary - Religare Finvest (RFL), one of India’s largest capitalized NBFCs, has obtained corporate agency license from Insurance Regulatory and Development Authority (IRDA) for the procurement / solicitation of life insurance business on behalf of AEGON Religare Life Insurance Company.

Religare Finvest provides debt capital to MSMEs (micro, small and medium enterprises) in form of loans against property, working capital loans, loans against plant and machinery, vehicles and construction equipments and loan against marketable securities, among others.

Religare Enterprises (REL) is engaged in providing financial products and services. REL provides services across three segments namely retail, institutional and wealth.

Peers
Company Name CMP
Bajaj Finserv 1771.00
TVS Holdings 12493.90
Cholamandalam Fin. 1433.10
Altius Telecom Infra 175.00
Kama Holdings 2204.55
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