RBI supersedes board of default-hit Reliance Capital
RBI superseded Reliance Capital board & appoints Nageswar Rao as administrator: The Reserve Bank of India (RBI) has exercised its power to supersede the board of directors of Reliance Capital Ltd (RCL) under Section 45-IE (1) of the RBI Act, 1934. Reliance Capital Ltd (RCL) is a Non-Banking Financial Company (NBFC) and is related to … Read more