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The IRDAI gave its approval for a 26 percent stake sale in Reliance Capital including in Reliance General Insurance Company, Reliance Nippon Life Insurance Company (RNLIC), and Reliance Health Insurance to the Hinduja Group. ....
Srei promoter challenges RBI action against group firms in Bombay High Court : Rashtra News Srei Group promoters on Wednesday moved the Bombay High Court to challenge the Reserve Bank of India’s decision to supersede the boards of two group companies in preparation for sending them to bankruptcy courts. A division bench of Justices Ujjal ....
State Bank of India's record profit led by retail loan growth, higher provisions : Rashtra News (SBI) recorded its highest quarterly net profit of Rs. 7,627 crores in quarter ended September 2021 up 67% from Rs 4574 crore in the previous year led by growth in retail loans and a marked improvement in asset quality ....
Lenders mull 90-day extension to close Reliance Capital resolution process : Rashtra News #Lenders #mull #90day #extension #close #Reliance #Capital #resolution #process Lenders on Wednesday discussed a proposal for 90 days of extension to close the resolution process of debt-ridden Reliance Capital Ltd (RCL) promoted by the Anil Ambani Group, sources said. The Committee of ....
RBI begins insolvency proceedings against Reliance Capital : Rashtra News The Reserve Bank of India (RBI) has initiated insolvency proceeding against . The central bank filed an application for the initiation of Corporate Insolvency Resolution Process (CIRP) against Reliance Capital Ltd. under the Insolvency and Bankruptcy Code, 2016. On November 29, RBI superseded the board ....