RBI begins insolvency proceedings against Reliance Capital
On November 29, the Central Bank superseded the board of RCL and appointed former Bank of Maharashtra executive director Y Nageswar Rao as an administrator of the company.
Business gains momentum for leading NBFCs in NovemberMahindra & Mahindra Financial Services said its loan disbursement rose 17% year-on-year to Rs 2,500 crore expecting the traction to continue in December. Shriram City Union Finance, a Chennai-based leading two-wheeler financer, disbursed Rs 1022 crore to finance 1.6 lakhs two-wheelers in November, its highest ever in a month.
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