RBI probe found liabilities swelling, but capital eroding rapidly at RCap

The RBI had kept the firm in constant watch as part of its informal asset quality review, and carried out regular inspections

Reliance Capital

Welcoming the RBI move, Reliance Capital said it will cooperate fully with the administrator appointed by the RBI for expeditious resolution of its debt in the best interests of all stakeholders

The Reserve Bank of India’s (RBI’s) action on Reliance Capital (RCL) stems from several factors that were long in the making.
Defaults apart, the central bank’s inspection found that the firm

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First Published: Nov 30 2021 | 11:09 PM IST

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