![]() ![]() "In exercise of the powers conferred under Section 45-IE (1) of the Reserve Bank of India Act, 1934, the Reserve Bank has today superseded the Board of Directors of M/s Reliance Capital Ltd (RCL) in view of the defaults by RCL in meeting the various payment obligations to its creditors and serious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," RBI's circular stated. ![]() The apex banking regulator's notice added that former Executive Director of the Bank of Maharashtra, Nageswar Rao would be appointed as the administrator of the company. ![]() Reserve Bank of India informed on Monday that it has superseded the board of Reliance Capital on account of defaults in meeting various payment obligations to its creditors and serious governance concerns. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |