Reliance Asset Reconstruction and Reliance Commercial Finance. The central bank had appointed Nageswara Rao Y as the administrator, who invited bids in February 2022 to take over the company.

for allegedly causing a ₹100 crore loss to the State exchequer by “unlawfully and dubiously” investing in the now-liquidated Reliance Commercial Finance Limited (RFCL) at a critical time ...

Indian NBFCs struggle with funding limitations, primarily relying on bank loans. Experts propose allowing access to public ...

The Kerala Financial Corporation (KFC) had followed procedures in investing money in the Anil Ambani-owned Reliance Commercial Finance Limited (RCFL), Finance Minister K.N. Balagopal has said.

Was the investment in Ambani's financially struggling Reliance Commercial Finance Ltd (RCFL) made based on a board decision, he asked. He also wanted to know whether, before KFC invested in RCFL ...

Former Finance Minister and senior CPI(M) leader T M Thomas Isaac dismissed the allegations as baseless, stating, "The Leader of the Opposition should provide evidence to support his claims." ...

He pointed out that the investment in Anil Ambani's Reliance Commercial Finance Ltd (RCFL) was made on April 26, 2018, during a period when Ambani's companies were already facing severe financial ...

and the now-liquidated Reliance Commercial Finance Ltd (RCFL) in 2018. He claimed the deal, orchestrated by vested interests in the state government and certain KFC officials, resulted in a loss ...

The Opposition Leader had alleged corruption in the KFC’s investment of Rs 60.80 crore in the RCFL, which he said was sinking at the time. THIRUVANANTHAPURAM: Finance Minister K N Balagopal on ...

Former Finance Minister and senior CPI(M) leader T M Thomas Isaac dismissed the allegations as baseless, stating, "The Leader of the Opposition should provide evidence to support his claims." State ...

8 crore in the Anil Ambani-promoted RCFL. He alleged that the KFC made investment in Anil Ambani’s financially struggling Reliance Commercial Finance Limited (RCFL), without the permission of ...