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RBI supersedes board of Reliance Capital

The RBI has superseded the board of Reliance Capital Ltd (RCL) in view of the defaults by RCL in meeting the various payment obligations to its creditors and serious governance concerns which the Board has not been able to address effectively.
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RBI action against RCL: All you need to know about Reliance Capital

Reliance Capital is a core investment firm, with businesses like insurance, asset reconstruction, wealth management, etc. Its stock is down in the dumps at Rs 19.05 per share, while its m-cap is struggling at Rs 481 cr. ....

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Reliance Capital Board superseded by RBI; will go under insolvency process soon [details]

After SREI, DHFL, IL&FS, Laxmi Vilas Bank, PMC, YES Bank, Reliance Capital is going under and RBI has superseded the Board while the insolvency process is to commence soon. ....

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