The Reserve Bank of India (RBI) has given its approval for the appointment of five Hinduja Group representatives as directors on the board of debt-ridden Reliance Capital. The appointed directors include Amar Chintopanth, Shardchandra V Zaregaonkar, Moses Newling Harding John, Bhumika Batra, and Arun Tiwari. The approval comes in the context of the resolution plan for Reliance Capital by IIHL BFSI (India), a wholly-owned subsidiary of Hinduja Group’s IndusInd International Holdings Ltd. The RBI has stipulated that Reliance Capital must maintain strict arm’s length distance with respect to any transactions with the Hinduja Group’s IndusInd Bank.