Reliance Capital CEO Dhananjay Tiwari resigns
The debt-laden company promoted by Anil Ambani is undergoing a corporate insolvency resolution process (CIRP) at the Mumbai Bench of the National Company Law Tribunal (NCLT). The Reserve Bank had on November 29, 2021 superseded the board of Reliance Capital Ltd in view of payment defaults and serious governance issues.
Banks in India may face headwinds from Russia-Ukraine crisis: S&PIndian banks' direct exposure to Russia and Ukraine is limited and the direct impact from the conflict is likely to be marginal, S&P Global Ratings analyst Deepali Seth Chhabria said. Gross non-performing assets of Indian banks were at 6.9% of total assets as of September 2021, according to the central bank.
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