The Reserve Bank of India (RBI) vide its press release dated November 29, 2021 superseded the Board of Directors of Reliance Capital Limited under Section 45 IE of the Reserve Bank of India Act, 1934; and has appointed Shri Nageswara Rao Y as its Administrator with effect from November 29, 2021. The RBI has also, by its press release dated November 30, 2021, constituted a 3-member committee under Section 45 IE of the Reserve Bank of India Act, 1934, to act as advisors to the Administrator.
THE MEMBERS OF THE COMMITTEE ARE:
1. Shri Sanjeev Nautiyal, ex-DMD, State Bank of India
2. Shri Srinivasan Varadarajan, ex-DMD, Axis Bank
3. Shri Praveen P Kadle, ex-MD & CEO, Tata Capital Limited