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RCOM RBI REPORT
Reliance Communications shares drop 2% on ‘fraud’ notice from Central Bank of IndiaReliance Communications shares fell after receiving a show-cause notice from the Central Bank of India proposing to classify Rs 400 crore o...- Reliance Comm receives 'show cause notice' from Central Bank of India against Rs 400 cr loan fraudCentral Bank of India has issued a show-cause notice to Reliance Communications, questioning why its account shouldn't be declared as 'frau...
- BoI declares RCom, Anil Ambani loan accounts fraudulentBank of India has declared Reliance Communications, its subsidiary Reliance Telecom, and Anil Ambani's loan accounts fraudulent, totaling ₹...
- Anil Ambani’s Reliance Communications loan fraud totals Rs 14,000 crore: SourcesAnil Ambani's Reliance Communications has been accused of loan fraud exceeding ₹14,000 crore, according to ED sources. SBI has labelled RCo...
- SBI classifies RCom, its promoter Anil Ambani as 'fraud'; to lodge complaint with CBIState Bank of India has labeled Reliance Communications and Anil D Ambani as fraudulent. The bank is preparing to file a complaint with the...
- Anil Ambani-led Reliance units say SBI’s fraud tag on RCom loan has no impact on their operationsReliance Infrastructure and Reliance Power on Thursday said SBI’s classification of Reliance Communications’ loan account as fraud has no i...
- RPower, Reliance Infra shares tumble up to 5% after SBI flags RCom loan as fraudShares of Reliance Power and Reliance Infrastructure fell sharply after SBI classified Reliance Communications’ loan as fraud, implicating ...
- SBI marks Reliance Communications as fraud account; company says order ex-parteSBI has classified Reliance Communications' loan account as fraud, citing diversion of funds and misuse of invoices. Anil Ambani's legal te...
- Reliance Communications says SBI to declare loan A/C as ‘fraud’, report Anil Ambani to RBIState Bank of India has flagged Reliance Communications’ long-standing loan as “fraud” and named its former director Anil Ambani to the Res...
- RCom loan fraud: The one Reliance company that failedReliance Communications, once a telecom giant, faced a steep decline due to debt and competition. State Bank of India has now flagged RCom'...
- Delhi HC asks Govt, Finance Ministry and RBI to consider parity between IBC and Sarfaesi ActAccording to the Sarfaesi Act, asset reconstruction companies that take over stressed assets from lenders cannot infuse equity into an inso...
- MCA, IBBI ask RBI to rethink keeping asset reconstruction companies out of resolutionThe ministry and IBBI, in separate letters to the central bank, said its refusal is likely to impact insolvencies across sectors, two peopl...
- RBI refuses to let asset reconstruction companies bid for insolvent assetsThe immediate impact of the RBI’s decision will be felt by UV Asset Reconstruction Company, which was awaiting approval to take over telco ...
- Telecom a money guzzler, even Tatas had to gift it away: Anil AmbaniEven the "mighty" house of Tatas had to "gift away" their telecom business (to Airtel), Anil Ambani asserted.
- Reliance Communications may stay MVNO post 2G, 3G voice exitRCom plans to monetise spectrum assets in the 800MHz, 900MHz, 1800MHz and 2100MHz bands by sharing and trading with other Indian telcos, mo...
- Lenders to take 51% stake in RCom post debt conversionAs part of the asset monetisation plan, to be completed by March 2018, the telco expects to raise Rs 17,000 crore through sale of assets su...
- Banks give Reliance Communications seven month window to escape debt trapAnil Ambani sought to assuage investor concerns on RCom's financial situation after a delay on some interest payments and a downgrade of de...
- Saddled with NPAs, worried banks looking at ways to solve RCom's loan repayment woesIf RCom's debt turns into NPA, it will add to the already massive burden on the banking system, which is grappling with stressed loans of m...
- Sistema to seek nod afresh to up foreign holdingSSTL’s comments come amid news of the FIPB rejecting its application to increase foreign holding beyond 74 per cent for a second time.
- RCOM, MTN try to stitch complex dealRCOM may present its Indian minority shareholders the option of swapping their shares with MTN at the same rate as its promoters, ADAG. Hot...
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