# RBI rejects Religare demerger despite stock exchange nod 2026-08-07T09:45:25+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet The Reserve Bank of India has rejected the proposed demerger of Religare Enterprises and its subsidiary Religare Finvest into two independent listed entities. The Burman family-backed firm had sought to transfer its lending, broking, and investment businesses to Religare Finvest while retaining its stake in Care Health Insurance. Stock exchanges NSE and BSE had previously issued no-objection certificates for the plan. Religare said it received a letter from the RBI on August 6 conveying that the application was not acceded to. The company stated that it will engage further with the regulator for clarifications. Separately, the Securities and Exchange Board of India has closed proceedings against Religare and former executives without penalty. ## Coverage - economictimes.indiatimes.com - thehindubusinessline.com Tags: Burman family, demerger, RBI, Religare, SEBI Canonical: https://indianopinion.org/rbi-rejects-religare-demerger-despite-stock-exchange-approval/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/rbi-rejects-religare-demerger-despite-stock-exchange-approval/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.