Religare Enterprises’ NBFC arm--- Religare Finvest (RFL) is eyeing to restart its business operation in the New Year 2023 following the company's proposal of Rs 2,300 crore One Time Settlement (OTS) finding favour from most of the lenders. Once the OTS process is completed, RFL will come out of the Corrective Action Plan (CAP) imposed by the Reserve Bank of India (RBI) in January 2018 due to its weak financial health.
Religare Enterprises is one of India’s leading diversified financial services groups. It offers an integrated suite of financial services including asset management, life and health insurance, lending, broking, investment banking, and wealth management.
