Demerger of financial services into RFL to be completed by Q1 FY28
The demerger of financial services business into RFL is expected to be completed in 15-18 months, i.e., by Q1 FY28.
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Religare Enterprises · forward-looking guidance across the available source record.
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Care Health Insurance to receive up to ₹600 crore capital infusion
Out of the ₹1,500 crore warrants, up to ₹600 crore will be infused into Care Health Insurance as per original plans.
RFL to leverage balance sheet and restart lending
RFL plans to lever its balance sheet to industry standards and restart lending once leadership is in place.
Care Health Insurance combined ratio to approach 100% in two years
Management expects combined ratio to improve to near 100% over the next two years, driven by operating leverage.
Care Health Insurance GWP growth of 18-24%
Care expects to grow better than the industry, with a sustainable growth rate range of 18-24%.
Housing finance turnaround in 12-18 months
Management expects the housing finance business to turn profitable within 12-18 months as it scales up.