CHINA DEVELOPMENT BANK
Anil Ambani dragged to court for $680 million unpaid loan
Three banks agreed to loan Ambani’s RCom money in 2012, which he has since defaulted on.
UNCTAD sees India growth moderating to 6% in 2019
The central bank has revised downward the FY20 GDP growth rate to 6.9% from 7% earlier afte...
PSBs best for sustainable development; India, Russia, SA have anorexic loan portfolio: UNCTAD
Public banking should be given back its traditi...
RCom conducts second CoC meeting to discuss updates, appoint other advisors
The dedicated bankruptcy court had appointed Deloitte as the RP for RCom and its units -Reliance Telecom and Reliance Infratel on June 21.
Claims against RCom swell to Rs 57,382 cr; Reliance ADAG companies among claimants
Claims against RCom have risen to Rs 57,382.5 crore with new entities, according to a regulatory filing.
Pakistan's China debt at $6.6 billion in past 10 months; funds mostly used on two nuclear plants
China gave $628.4 million for the construction of two ongoing nuclear power plants in the past 10 months, Pakistan finance ministry statistics revealed.
SBI in favour of a single Resolution Professional for RCom, subsidiaries
SBI made the proposal at a meeting of lenders on Thursday, arguing that it would ensure better coordination during the bankruptcy proceedings of RCom.
UV Asset Reconstruction Company likely to take over Aircel if 66% of lenders approve proposal
The lenders to Aircel, majority owned by Malaysia’s Maxis, include State Bank of India, China Development Bank, Bank of Baroda & Punjab National Bank.
How India's banks ran up a $7 billion phone bill
It was clear that Anil Ambani’s telecom venture stood no chance in a crowded field against Jio .
Sri Lanka to put in place national govt next week to address foreign debt
Leader of the Lankan Parliament and minister Laxman Kiriella has informed that the resolution will come up for voting next Thursday.
China Development Bank withdraws insolvency petition against Reliance Communications
Senior counsel Darius Khambatta said that since RCom’s asset monetisation plan is upto March 2018, CDB is accommodating for the benefit of all creditors.
China Development Bank plans to withdraw plea against Reliance Communication
CDB has already received some payment and is happy with the deal it is being offered, said a person familiar with the matter.
Most lenders to oppose China Development Bank’s insolvency plea: RCom
China Development Bank had last week moved National Company Law Tribunal to recover roughly Rs 11,460 cr from the beleguered RCom owned by Ambani.
China Development Bank takes Reliance Communications to bankruptcy court
The Anil-Ambani owned company owes close to Rs 9,000 crore to the bank.
New Chinese loan may further plunge Sri Lanka into debt trap
Sri Lanka recently secured a $1 billion syndicated loan from China Development Bank. But the $1.25 billion in loans will push Sri Lanka closer to China.
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