- KV Kamath, a seasoned banker, was appointed by Reliance Industries Limited (RIL) on Friday to serve as an independent director on the board of the firm for a tenure of five years.
- Additionally, Kamath was chosen to serve as non-executive chairman of RIL’s wholly-owned subsidiary, Reliance Strategic Investments Limited (RSIL).
- The board decided to change RSIL’s name to Jio Financial Services Limited (JFSL).
