Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2021
Regulatory intervention after defaults and governance concerns
The Reserve Bank of India superseded Reliance Capital’s board in November after payment defaults and what the supplied reference describes as serious governance issues.
2019
PwC auditor resignation and intercorporate-deposit concerns
PwC resigned as auditor, stating that it could not continue if Reliance prevented it from exercising independent judgment in its reporting. The episode also involved reported concerns about the recoverability and treatment of intercorporate deposits linked to other Reliance entities.