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CBI arrests former CEOs of RCFL, RHFL in Reliance ADA Group loan diversion case; Rs 7,623 cr loss to PSBsAccording to the CBI, the two former executives are accused of causing a combined wrongful loss of Rs 7,623 crore to public sector banks. I...- ESAF Small Finance Bank's total business crosses Rs 50,000 crESAF Small Finance Bank has achieved a significant milestone. Its total business has now surpassed Rs 50,000 crore. Deposits reached Rs 26,...
- RHFL, RCFL bank fraud money laundering case: ED files charge sheet against Jhunjhunwala, Bapna, 52 othersThe Enforcement Directorate has filed a charge sheet against former Reliance executives Amitabh Jhunjhunwala and Amit Bapna. They were arre...
- ED flags Rs 11,600 crore 'proceeds of crime' in RHFL, RCFL probeThe Enforcement Directorate has alleged over ₹11,600 crore as proceeds of crime in a money laundering probe involving Reliance Home Finance...
- ED arrests Amitabh Jhunjhunwala, Amit Bapna in ADAG-linked money laundering probeEnforcement Directorate arrested two former Anil Dhirubhai Ambani Group executives. Amitabh Jhunjhunwala and Amit Bapna face money launderi...
- Mumbai police register FIR on Axis Bank complaint against RCFL, ADAG promotersIn a high-stakes financial drama unfolding in Mumbai, the police have filed a case against Reliance Commercial Finance Limited and its key ...
- Axis Bank files complaint against ex-RCFL Director; cops start probeThe bank has quantified the amount involved at ₹38.95 crore, representing the principal sacrifice under the resolution plan implemented for...
- CBI action linked to Anil Ambani has no impact on business, say Reliance Infra and Reliance PowerReliance Power and Reliance Infrastructure said on Thursday that the Central Bureau of Investigation’s (CBI) action involving Reliance Comm...
- D B Realty arms sell shareholding in Siddhivinayak Realties to Reliance Commercial Finance for Rs 376 crIn a regulatory filing, Mumbai-based D B Realty said that its subsidiaries have entered into a share purchase agreement on November 1 to se...
- Sebi fines Reliance Commercial Finance"I note that the noticee (RCFL) was required to submit to the stock exchange on a half-yearly basis along with the half-yearly financial re...
- Supreme Court rejects RCFL lenders’ early hearing pleaThe lenders had filed a praecipe, a request for pre-emptive action. RCFL owes creditors led by Bank of Baroda more than Rs 9,000 crore.
- Sebi tells trustees to follow its norms in votes on resolutionSebi rules say that all bondholders have to vote for a resolution to pass. That is contrary to the IBC rules, which allow voting to be done...
- Reliance Commercial Finance debt holders okay sale to Authum Investment"The voting lines closed last evening and according to the results which are not yet public, just above 75% of those that voted have suppor...
- HC refuses to stay RCFL bondholders' vote on bidderA division bench of the Bombay High Court on Monday refused to stay a voting planned this week for the bondholders of Reliance Commercial F...
- Lenders give clean chit to Reliance Commercial Finance as GT audit finds no fraudAs per the report, of the total consolidated debt owed to banks, RCFL accounted for Rs 11,620 crore, Reliance Home Finance Ltd (RHFL) Rs 7,...
- As many as 13 investors put in EoIs for acquiring Reliance Commercial FinanceRCFL, which according to its website has been re-branded as Reliance Money, is a non-banking finance company (NBFC) with assets under manag...
- RCFL lenders invite bids for majority stake in companyThe resolution plan provides for three options — acquisition of RCFL on as-is-where-is basis, buying the firm with one or more asset books ...
- RCap shares extend losses to third day, slip 12%As per an ET report, Reliance Home Finance (RHFL) and Reliance Commercial Finance (RCFL) will seek to raise funds through the sale of fresh...
- RCap looks at new home for fin companiesReliance Capital holds 100 per ent of RCFL and 50 per ent of RHFL.
- RCFL FY'13 net profit up 9.6% at Rs 272 crRashtriya Chemicals and Fertilizers Ltd (RCFL) today reported 9.6 per cent increase in consolidated net profit at Rs 272.67 crore for 2012-...
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