Reliance Capital plans foray into various sectors

Reliance Capital, part of the Anil Dhirubhai Ambani Group (ADAG), has drawn its road map to foray into various sectors.
 
Anil Ambani, chairman, ADAG, said today that Reliance Capital will enter banking sector as and when regulations permit. He also said that the company will foray into institutional broking and PE business.
 
Along with this, Reliance Capital plans to enter asset reconstruction business. The company will also invest Rs 2000 crore in insurance operations.
 
"Biggest risk to global market is multi-dimensional US credit crisis," said Ambani. The balance sheet of Reliance Capital has not been significantly leveraged, he added.