RBI turned down request to appoint ex-CBI official on board: Religare
Business Standard|October 25, 2024
Religare Enterprises, a financial services firm, has disclosed that the Reserve Bank of India (RBI) turned down its application to appoint Rakesh Asthana as its whole-time director in May this year without citing any reasons.
DEV CHATTERJEE

Asthana is a former top official of the Central Bureau of Investigation (CBI).

In a notice to the stock exchanges, Religare said that while the company and Asthana were weighing the options of dealing with the letter of refusal by the RBI, it was also busy in preparing for the "herculean task" of making ready multiple applications to regulators.

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