Poonawalla Fincorp Limited has received approval from the Reserve Bank of India (RBI) to commence and carry on the factoring business. This approval was granted by the RBI via a letter dated January 30, 2026, and was received by the company on February 03, 2026. The company is now permitted to undertake factoring business, subject to compliance with the terms and conditions outlined in the RBI's notification DOR.FIN.080/CGM(JPS)-2022 dated January 14, 2022, concerning the 'Registration of Factors (Reserve Bank) Regulations, 2022'. This development is expected to be relevant to the listed entity as it allows the expansion of its business operations into factoring.
