IndusInd Bank enters talks with Reliance Nippon Life to establish a bancassurance partnership, as reported by The Economic Times.

Reliance Nippon Life Insurance Company has initiated discussions with IndusInd Bank to form a bancassurance partnership. Additionally, Business Standard reports that the takeover of Reliance Capital by India’s second-largest business group, the Hinduja Group, is expected to be completed by the end of January. Hinduja Group’s acquisition of Reliance Capital is seen as an attempt to triple their business in banking, insurance, and other areas. According to Mint, A.P. Hinduja mentioned that the deal will be closed by the end of January. Reliance Capital’s debt troubles have been well-documented, with ET Now providing a detailed timeline of the company’s growth and subsequent decline. The decline has been attributed to various factors, including the company’s reliance on debt and mismanagement. The takeover by the Hinduja Group is seen as an opportunity for the company to recover and grow under new leadership.