RCap to go digital says Anmol Ambani

Undergoing a phase of digital transformation to lure new age customers, as per latest developments, Reliance Capital (RCap) is likely to 'go digital' in all its spheres of business. A formal announcement was made by its executive director at a meeting with analysts. 

Identifying the financial services as the core of the business group, Anmol Ambani, the son of Anil Ambani and the executive director of the Company, added that the Company will indulge in the sales of non core investment instruments by March 2018 in wake of huge capital gains, post the completion of the listing of Reliance Home Finance, by the next quarter.  

Being looked at as the new growth engine of the company, Reliance Home Finance has been under scrutiny for regulatory approvals.

Anmol Ambani emphasised the need for digital transformation, and other initiatives to reach a higher growth, in his address to the analysts. Anmol had joined as a director at RCap last year, post a training of two years at the Company.

Anmol further in his address, recognised opportunities brought in by the boom in the performance of the domestic financial sector of India, RCap being the largest financial services company of the nation. The Company is looking at capitalising on the significant surge in bank deposits and money inflow in mutual funds, which is the result of demonetisation.

The young executive director is also expecting a dramatic change in the country's growth trajectory as the investor preference is settling to productive assets rather than gold.  

RCap has a strong presence in the life and general insurance segment, mutual funds, commercial finance, home finance and brokerage among other business services.