Reserve Bank of India Issues Core Investment Company Certificate to Indiabulls Limited

Key facts

• The Reserve Bank of India (RBI) has granted Indiabulls Limited a Certificate of Registration as a Core Investment Company (CIC), bringing it under the central bank's regulatory framework for investment-holding entities.
• Indiabulls, formerly known as Yaari Digital Integrated Services Limited, disclosed the approval in a regulatory filing dated October 2, 2026.
• A Core Investment Company is a non-banking financial company that primarily holds investments in and provides funding to its own group companies rather than conventional lending.
• Under RBI norms, a CIC must keep at least 90 per cent of its net assets in investments or loans to group companies, with at least 60 per cent of net assets comprising equity investments in group companies.
• Indiabulls stated the certificate will be surrendered in the event of its non-applicability, which is being evaluated by the company, and it did not disclose any immediate financial impact.