RBI Approves Indiabulls as Core Investment Company
What Happened
Indiabulls Limited has received a Core Investment Company (CIC) registration from the Reserve Bank of India, formally recognising it as an investment-holding entity that oversees and funds group companies. The move places the company under RBI's regulatory framework for CICs following its corporate restructuring, though Indiabulls said it is still assessing whether the classification fits its current structure and may surrender the certificate if found unnecessary.
Key Takeaways
The registration strengthens regulatory oversight of Indiabulls' holding-company structure but does not permit any new banking or consumer lending activities.