Poonawalla Fincorp has received approval from the Reserve Bank of India (RBI) to commence factoring business. The approval, granted on January 30, 2026, allows the company to undertake factoring activities, subject to compliance with RBI’s regulations. This strategic move is expected to expand Poonawalla Fincorp’s service offerings and contribute to its growth in the financial sector.
RBI Approval Received
Poonawalla Fincorp has secured approval from the Reserve Bank of India (RBI) to start its factoring business. The official confirmation of the approval was communicated via a letter from the RBI dated January 30, 2026, and received by the company on February 03, 2026.
Details of the Approval
With this approval, Poonawalla Fincorp can now officially commence and conduct factoring business operations. However, this is subject to adhering to 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’.
Impact on Poonawalla Fincorp
The RBI’s approval enables Poonawalla Fincorp to diversify its financial service portfolio by including factoring. This expansion is poised to open new revenue streams and strengthen the company’s position within the financial services market.
Source: BSE
