Reliance Capital is betting big on financial sector and expecting to list its home finance arm separately by April 2017 while commercial lending and insurance arms can also be listed separately at an appropriate time.
Besides, it will develop a new vertical for consumer lending business for better growth and profitability and will re-launch its commodity exchange with focus on diamond and crude oil futures. The company expects exponential growth in health insurance, going forward, even though it accounts for a smaller portion as of now.
Reliance Capital is a systemically important non-deposit taking NBFC. The company is part of the Reliance group led by Anil Dhirubhai Ambani. It currently operates as the holding company for the group’s entities in the financial services sector.
