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𝗡𝗲𝘄𝘀 𝗦𝘂𝗺𝗺𝗮𝗿𝘆

• The Reserve Bank of India has ordered an arms length distance between IndusInd Bank Ltd. and Reliance Capital, as the conglomerate acquires the debt-laden firm in an insolvency proceeding.

• The RBI has given no objection to the transfer of control of Reliance Capital Ltd. to IIHL BFSI (India) Ltd., a wholly owned subsidiary of Hinduja Group's IndusInd International Holdings Ltd.

• The central bank has also approved the appointment of five Hinduja Group representatives as directors on the Reliance Capital board.

https://economictimes.indiatimes.com/industry/banking/fin...

#INDUSINDBK #RELCAPITAL