Page 8 - Reliance Capital

RCap's standalone health insurance to be operational from early next year

The move is aimed at creating a retail-focused entity in this space, said Jai Anmol Ambani, ED, Reliance Capital

Reliance Capital to setup standalone health insurance firm by next year

Company says it has received round 1 approval from insurance regulator

R-Cap files for listing of non-life insurance business

The company expects to raise Rs 1,500-2,000 crore by listing Reliance General Insurance

Reliance Capital hits 52-week high post Q1 results

The stock hit 52-week high of Rs 698, up 6% on BSE in early morning trade in otherwise weak market.

Reliance Capital gets shareholder nod of approval for demerger scheme

Demerger of Relaince Home Finance will facilitate its independent listing on stock exchange

Reliance Capital arm invests $1 mn in digital lending start-up Billionloans

This is the second major startup investment, after Paytm, by Reliance Capital

Focus on core businesses to drive Reliance Capital's earnings

Reliance Capital's focus on unlocking value of its subsidiaries and divesting non-core investments seems to have started bearing results. The Reliance Capital stock, which has seen significant erosion in its value - from over Rs 2,900 in early 2008 to below Rs 300 seen last year, has witnesses a sharp recovery in the last one year. Delivering 66 per cent since May 2016 and beating the benchmark BSE 100 index's 21 per cent gains in this period, the stock scaled to its six-year high last month-end.There are quite a few reasons behind this surge, including the improving prospects of its general insurance business and continued traction in the asset management business. The company recently also got approval to demerge its housing finance subsidiary - Reliance Home Finance- which will be listed separately in a few months from now. Housing finance being seen as a high potential industry has also helped push up sentiment. Reliance Capital has also demerged its commercial finance business; ..

Reliance Capital raises NCDs issuance limit by Rs 3,000 cr

With this, the overall borrowing limits under NCDs stands at Rs 18,000 crore

Reliance Capital: Focus on core business may bridge valuation gap

Sale of non-core assets, listing of home finance arm will also aid valuation expansion

RCap to sell non-core biz

Anmol Ambani said there has been a huge surge in bank deposits, mutual inflows due to demonetisation

RCap to spin off health biz from general insurance

RGIL's health insurance portfolio recorded gross premium of Rs 570 crore as of March 31, 2016

Reliance Capital to expand retail health insurance biz; stock up 5%

The stock hit high of Rs 585, trading close to its 52-week high of Rs 596 touched on Sep 29, 2016.

Reliance Commercial Finance appoints Devang Mody as CEO

Reliance Commercial Finance, a subsidiary of Reliance Capital, today announced the appointment of Devang Mody as chief executive officer. Prior to this, Mody served as president of consumer business at Bajaj Finance. The consumer finance business of Bajaj Finance, under his leadership, witnessed a sharp growth to its current size spanning over 300 towns, with market leadership positions across various business lines. Mody, aged 44, has over 20 years of experience in the financial sector. He started his career with Mahajan & Aibara, and then moved on to EY, followed by a stint at GE Money Financial Services where he was VP - Strategic Initiatives, before moving to Bajaj Finance. "I am delighted to welcome Devang Mody as the new CEO of our commercial finance business, a high priority growth area for Reliance Capital in the future. "Devang comes with an excellent track record of creating and rapidly growing highly profitable lending businesses in different segments. We expect ..

Reliance Capital posts Rs 253 crore profit in Q2

Profit arrived at after setting aside Rs 74 cr for boosting reserves of Reliance General Insurance

Reliance Capital posts Rs 253 cr profit in Jul-Sep

The company's broking and distribution business profit stood at Rs 21 crore in the July-September quarter

RCap eyes consumer lending growth; home finance listing by April

Anil Ambani also said the company is committed to growing its dividend payouts every year

Reliance Capital gains on board nod for listing of housing finance arm

The stock was up 5% to Rs 558 after the company's board approves plan to independently list Reliance Home Finance on stock exchanges.

Reliance Cap to list housing finance arm

Reliance Home Fin seeks to build a Rs 50,000 cr loan book, says RCL's Anmol A Ambani; Reliance Cap shareholders to get 49% stake

Reliance Capital to list home finance biz; eyes Rs 50k cr loan book

All shareholders of Reliance Capital will receive one free share of Reliance Home Finance for every one share held in Reliance Capital

Reliance Cap turns its commercial finance division into a subsidiary

As of June 30, Reliance Commercial Finance had total assets under management of Rs 16,451 crore