Reliance Industries Ltd (RIL) has brought veteran banker K.V. Kamath into its financial services business.
The diversified private sector giant, with interests in oil, organised retail, telecom and now financial services, on Friday said Reliance Strategic Investments Ltd (RSIL), its wholly-owned subsidiary, has appointed Kamath as an independent director and non-executive chairman.
Last month, RIL announced RSIL would be renamed Jio Financial Services Ltd (JFSL) and listed following a scheme of demerger approved by the parent’s board of directors. Kamath will continue as an independent director and non-executive chairman of JFSL upon the consummation of the scheme and the listing of JFSL.
