New Launch3 Feb 2026, 10:42 pm
Poonawalla Fincorp Ltd Receives RBI Approval for Factoring Business
AI Summary
Poonawalla Fincorp Ltd has announced that it has received approval from the Reserve Bank of India (RBI) to commence and carry on the factoring business. The approval was received on February 03, 2026, and permits the company to operate under the terms and conditions of the Bank's notification DOR.FIN.080/CGM(JPS) - 2022 dated January 14, 2022, on 'Registration of Factors (Reserve Bank) Regulations, 2022.'
Key Highlights
- Poonawalla Fincorp Ltd receives approval from RBI for factoring business
- The approval allows the company to commence and carry on factoring business
- The company is required to comply with the terms and conditions of the RBI's notification
- The approval is in accordance with the Bank's notification DOR.FIN.080/CGM(JPS) - 2022 dated January 14, 2022
- The factoring business is subject to the Registration of Factors (Reserve Bank) Regulations, 2022