Religare Enterprises Ltd announced that its step-down subsidiary, Religare Housing Development Finance Corporation Ltd, received a credit rating of [ICRA]BBB- (Stable) for long-term/short-term bank lines of Rs. 400 crore from ICRA on April 25, 2025. The company reported a net loss of Rs. 9.4 crore in 9M FY2025, down from a profit of Rs. 0.2 crore in FY2024.