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CCI clears Indusind International Holdings' acquisition of controlling stake in Reliance Capital

CCI clears Indusind International Holdings' acquisition of controlling stake in Reliance Capital
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Connected lending: Das & Co gets serious about a bank system that Raghuram Rajan had warned

Reserve Bank of India MPC meet Updates: India restricts corporate houses from owning banks, raising questions about their absence despite financial capabilities. Allowing them could foster connected lending, granting preferential loans to connected parties. While a 2020 RBI proposal advocated their entry, criticism centered on consolidating economic and political power. ....

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RBI approves Hinduja Group entity acquisition of Reliance Capital

The Reserve Bank of India approved the resolution plan for debt-ridden Reliance Capital on Friday. ....

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RBI directs Reliance Capital's acquiring company IIHL BFSI (India) to maintain arm's length distance from IndusInd parent

This is one of the conditions that the banking regulator stipulated while granting no objection to the transfer of management control of Reliance Capital to IIHL BFSI (India) – a wholly owned subsidiary of IIHL, according to a communication sent by the RBI to Reliance Capital and reviewed by ET. ....

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RBI nod to appointment of Hinduja directors on Reliance Capital board

RBI nod to appointment of Hinduja directors on Reliance Capital board
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