RFL on track to restart its biz; most lenders approve Rs 2,300 cr OTS plan

RFL, an NBFC arm of Religare Enterprises Ltd, owed about Rs 5,300 crore to the consortium of lenders led by State Bank of India (SBI). As part of the proposed OTS, the company in June 2022 deposited Rs 220 crore earnest money with the lead lender demonstrating its commitment towards RFL revival.

from Banking/Finance-Industry-Economic Times https://ift.tt/yD9tAfK