November 22, 2024 20:28 (IST)
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RBI clears resolution plan for Reliance Capital

RBI clears resolution plan for Reliance Capital

Mumbai: The Reserve Bank of India on Friday granted approval to the restructuring proposal for financially troubled Reliance Capital, paving the way for the acquisition of the company by IndusInd International Holdings Ltd (IIHL), a firm within the Hinduja Group.

Reliance Capital reports consolidated net loss of Rs 239 cr in Q2

Reliance Capital reports consolidated net loss of Rs 239 cr in Q2

Mumbai: Reliance Capital reported a consolidated net loss of Rs 239 crore for the quarter ending on September 30, 2023-24.

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New Delhi/UNI: The Reserve Bank of India (RBI) Monday superseded the Board of Directors of Reliance Capital Ltd (RCL), in view of the defaults by the company in meeting various payment obligations to its creditors and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