Reliance Bank

Amir Hossain | October, 2011

Business tycoon Anil Ambani’s group's financial services arm Reliance Capital is planning to leave no stone unturned to enter the banking sector. The banking entity of the group would be called Reliance Bank. After the announcement on Sept 27, 2011, shares of Reliance Capital traded better and rose by over 5% (and touched a mark of Rs 411.40). The company has also made plan for its asset management businesses to enter other emerging markets and might go for further expansion of its wealth management and private equity businesses.

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