Reliance Capital to evaluate opportunities to enter high growth sector of banking

Reliance Capital will focus on unlocking value across all its major businesses and will also evaluate opportunities to enter the high growth sector of banking in the future.

From a single business of nominal scale in 2005, the company has established multiple businesses across the entire spectrum of financial services. At present, the company is No. 1 non-banking financial company (NBFC) with a net worth of nearly Rs 8,000 crore, having over 2 crore customers, 8,000 offices across India and a pool of over 18,000 highly talented men and women as its human capital.

Recently, the company received in-principle approval from Insurance Regulatory and Development Authority (IRDA) for its proposed stake sale in its insurance arm - Reliance Life Insurance, one of India’s largest life insurers.