November 23, 2024 06:20 (IST)
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RBI supersedes Reliance Capital board, appoints administrator

RBI supersedes Reliance Capital board, appoints administrator

New Delhi/UNI: The Reserve Bank of India (RBI) Monday superseded the Board of Directors of Reliance Capital Ltd (RCL), in view of the defaults by the company in meeting various payment obligations to its creditors and serious governance concerns.