State Bank of India removes 'fraud' tag from Religare Finvest

The State Bank of India (SBI) has officially removed the 'fraud' tag from Religare Finvest Limited (RFL) as per the Delhi High Court's order. RFL, a subsidiary of Religare Enterprises Limited, had been tagged 'fraud' by SBI in the Reserve Bank of India's database. SBI communicated this decision to RFL on Friday.


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