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  1. Date : Nov 30, 2021. RBI appoints an Advisory Committee to advise the Administrator of M/s Reliance Capital Ltd. The Reserve Bank of India, on November 29, 2021 has superseded the board of directors of Reliance Capital Ltd. and appointed Shri Nageswara Rao Y, ex-Executive Director, Bank of Maharashtra, as the Administrator.

  2. Mr. Nageswara Rao Y. joined as Executive Director, Bank of Maharashtra (BoM) today, the 31st of March, 2020. Before joining BoM, Mr. Nageswara Rao was Officer on Special Duty & Whole Time Director at Syndicate Bank from the 15th of April, 2019.

  3. Nov 29, 2021 · RBI had appointed Nageswar Rao Y, former executive director of Bank of Maharashtra, as the administrator of Reliance Capital. The RBI circular added that the central bank will also apply to the national company law tribunal (NCLT)’s Mumbai bench for appointing the administrator as the insolvency resolution professional (IRP).

  4. Apr 7, 2024 · Later, Nageswara Rao Y was appointed as the administrator of Reliance Capital. Rao invited bids in February 2022 for the bankrupt company's acquisition. Reliance Capital debt woes. Reliance...

  5. Y Nageswara Rao is Former Executive Director at Bank of Maharashtra. See Y Nageswara Rao's compensation, career history, education, & memberships.

    • Former Executive Director
    • Bank of Maharashtra
  6. Apr 7, 2024 · In November 2021, the Reserve Bank superseded the board of Reliance Capital on governance issues and payment defaults by the Anil Dhirubhai Ambani Group company. The central bank had appointed Nageswara Rao Y as the administrator, who invited bids in February 2022 to take over the company.

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  8. Nov 17, 2023 · The RBI appointed Nageswara Rao Y as the administrator in relation to the Corporate Insolvency Resolution Process ( CIRP) of the firm. Reliance Capital is the third large non-banking financial company (NBFC) against which the central bank has initiated bankruptcy proceedings under the Insolvency and Bankruptcy Code (IBC).