Material subsidiary re-starts lending after RBI removes Corrective Action Plan; first loan disbursed
Religare Finvest Ltd, a material subsidiary, has re-started its lending business.
By ScoutQuest · · 1 min read
- First Loan Disbursement Date
- November 06, 2026
- Loan Product
- LAP (Loan Against Property)
- Branch
- Khoda–Noida (UP)
What the company said
Religare Enterprises Ltd has informed the stock exchanges that Religare Finvest Limited (RFL), a material subsidiary of the company, has re-started its lending business.
RFL disbursed its first loan on November 06, 2026. The company links this directly to the removal of the Corrective Action Plan (CAP) that the Reserve Bank of India had imposed on RFL.
The disbursement was made under a loan product categorised as LAP (Loan Against Property), through RFL's branch at Khoda in Noida, Uttar Pradesh.
What a Corrective Action Plan means
- A CAP is a supervisory measure used by the RBI when it is not satisfied with a lender's financial position, asset quality or governance.
- While a CAP is in force, a lender typically faces restrictions on fresh lending and expansion.
- The removal of the CAP, followed by a fresh disbursement, therefore marks a return to normal lending activity for RFL.
Why it matters for the group
- RFL is described as a material subsidiary, so its ability to lend again is operationally relevant to the listed parent.
- Loan Against Property is a secured retail product, where the loan is backed by property offered as security.
- Restarting disbursements is the first step in rebuilding business activity at RFL after the CAP period.
What to watch
- Whether disbursements continue and how the lending book builds up over the coming quarters.
- The product mix and branch network used as lending resumes.
- Further disclosures from the company on the subsidiary's operations.
This is an information update: the update records the restart of lending at RFL and the first disbursement under the LAP product.
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CARE reaffirms BBB+; Stable / A2 rating on subsidiary's ₹500.00 crore bank facilities
4 Nov 2026
CRISIL upgrades long-term rating to BBB+/Stable, short-term to A2+ for subsidiary's Rs. 500 Crore facilities
4 Nov 2026
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