Skip to main content

Canara Bank classifies Reliance Communications accounts as 'fraud'

Canara Bank has classified accounts belonging to Reliance Communications and Reliance Telecom as "fraudulent." RCom, currently undergoing insolvency proceedings, stated that this classification is not expected to impact the company's resolution process, citing legal protections under the Insolvency and Bankruptcy Code.

from India News | Latest India News Headlines Today and Live Updates from India - Times of India https://ift.tt/QM35hmv

Comments

Popular posts from this blog

New Parliament opening: 20 parties say they’ll boycott, 17 to attend

Twenty opposition parties have announced a boycott of the ceremony to unveil the new Parliament building on Sunday, arguing that the inauguration by PM Narendra Modi by “sidelining” President Droupadi Murmu constitutes a “grave insult and direct assault on democracy”. from India News | Latest India News Headlines & Live Updates from India - Times of India https://ift.tt/562Mlic

Trouble grows for Muizzu govt in the Maldives, opposition parties band together to slam his 'anti-India' pivot

Two major opposition parties, the Maldivian Democratic Party (MDP) and The Democrats, criticize President Mohammad Muizzu's 'anti-India' pivot, calling it 'extremely detrimental' to long-term development. The parties argue that alienating India, the country's long-standing ally, will jeopardize stability and progress. Muizzu came to power in November based on his 'India Out' campaign. from India News | Latest India News Headlines & Live Updates from India - Times of India https://ift.tt/tu5rSY8

Barbara Howar, Irreverent Memoirist of Washington Society, Dies at 89

By Anita Gates from NYT Books https://ift.tt/hWSeUiZ