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dailyexcelsior.com - 13 days ago

RBI nod to appointment of Hinduja directors on Reliance Capital board

New Delhi, Nov 20: The Reserve Bank of India (RBI) has ordered an arms length distance between Hinduja group-run IndusInd Bank Ltd and Reliance Capital the debt-laden firm the conglomerate is acquiring in an insolvency proceeding.. The RBI laid down the condition while giving nod to the appointment of five Hinduja Group representatives as directors on the board of Reliance Capital, sources said citing the central bank s November 17 letter. Hinduja Group firm IndusInd International Holdings Ltd (IIHL) had [ ] The post RBI nod to appointment of Hinduja directors on Reliance Capital board appeared first on DailyExcelsior.


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