Religare controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2022
Religare Finvest bond-interest default
Religare Finvest reportedly defaulted on interest due to bondholders. The reported explanation referred to an asset-liability mismatch associated with alleged legacy siphoning and misappropriation issues.
2019
Police and Enforcement Directorate investigation
A Delhi Police case and subsequent Enforcement Directorate investigation involved former promoters Malvinder and Shivinder Mohan Singh and former Religare executive Sunil Godhwani. The Enforcement Directorate later filed a charge sheet.
2018
Regulatory action concerning Religare Finvest
The Reserve Bank of India placed Religare Finvest under a Corrective Action Plan after concerns regarding alleged siphoning and misappropriation of funds by former promoters and associated parties. The restrictions limited new credit expansion outside permitted government-security investments.