Reserve Bank Of India Supersedes Board Of Reliance Capital
Admin
Dec 2, 2021 12:13
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The Reserve Bank of India said on Monday it will initiate bankruptcy proceedings against Reliance Capital Ltd and superseded the non-banking financial company's board on governance concerns.The Reserve Bank of India (RBI) appointed Nageswar Rao Y, a former executive director at Bank of Maharashtra Ltd, as the administrator of Reliance Capital.
