Reliance Bank

Submitted by:NAKUL SINGLA

Reliance Capital..
Reliance Capital Limited is a Non-Banking Financial Company (NBFC)

registered with the Reserve Bank of India as a public limited company in 1986
and is now listed on the Bombay Stock Exchange and the National Stock Exchange (India). RCL has a net worth of over Rs '3,300 crore and over 165,000' shareholders. On conversion of outstanding equity instruments, the net worth of the company will increase to about Rs 4,100 crore. It is headed by Anil Ambani and is a part of the Reliance ADA Group Reliance Capital ranks among the top 3 private sector financial services and banking companies, in terms of net worth.

Reliance Capital has interests in :

Asset management. Mutual funds. Life and general insurance. Private equity and proprietary investments. Stock broking. Reliance PMS. Depository services and financial products. Consumer finance and other activities in financial services

Reliance Facts..
Reliance Mutual Fund is India's no.1 Mutual Fund. Reliance Life Insurance is one of India's fastest growing life insurance company and among the top 4 private sector insurers. Reliance General Insurance is one of India's fastest growing general insurance company and among the top 3 private sector insurers. Reliance Money is the largest brokerage and distributor of financial products in India with over 2.7 million customers and has the largest distribution network. Reliance Consumer finance has a loan book of over Rs. 8,900 crore at the end of December 2008. Reliance Capital has a net worth of Rs. 7,250 crore (US$ 1.5 billion) and total assets of Rs. 22,340 crore (US$ 4.6 billion) as of December 31, 2008. Reliance Capital is a constituent of S&P CNX Nifty and MSCI India and also features in the Forbes list of Worlds largest 2000 public companies. Reliance Securities, subsidiary of Reliance Capital achieved a pan-India presence with over 5,000 outlets and the average daily turnover had increased to Rs 2,300 crore (Rs 23 billion) in 2010.

Anil Ambani mulls setting up 'Reliance Bank'

On Sept27,2011 Industrialist Anil Ambani said that his group's financial services arm Reliance Capital would explore all possible opportunities to enter the banking sector and plans to unlock value in all its major businesses. The banking entity of the group could be called Reliance Bank.

 Replying to shareholders' queries on whether the company would consider the issue of bonus shares and a special dividend, Ambani said he would take these proposals to the board. Speaking at the Annual General Meeting of the company in Mumbai, Ambani, the Chairman of Reliance Capital, said growth had been achieved mostly through the organic route

 Ambani said: "Our strategy is now to unlock value from all our major businesses for the benefit of our 1.3 million shareholders." Earlier in 2011, Reliance Capital signed a deal with Japan's Nippon Life for sale of a 26 per cent stake in Reliance Life Insurance for over Rs 3,000 crore in the country's largest-ever finance services sector FDI transaction.

 Reiterating the group's interest in setting up a bank, Ambani said that banking was a new growth opportunity and it would evaluate opportunities to enter this high growth sector. According to Ambani, the company also plans to take its asset management businesses to other emerging markets and would look at further expansion of its wealth management and private equity businesses.