RIL appoints KV Kamath as independent director for 5 years

Reliance Industries Limited (RIL) on Friday appointed veteran banker KV Kamath as an independent director on the company board for a period of five years. Further, Kamath was also appointed as non-executive chairman of Reliance Strategic Investments Limited (RSIL), a wholly owned subsidiary of RIL. RSIL will be renamed as Jio Financial Services Limited (JFSL), the board announced.