Anil Ambani-led Reliance units say SBI’s fraud tag on RCom loan has no impact on their operations

(0)
News

Reliance Infrastructure and Reliance Power on Thursday said SBI’s classification of Reliance Communications’ loan account as fraud has no impact on their operations, financials, or stakeholders.

Leave a Reply Cancel reply

How a personal loan EMI calculator helps you avoid missed payments
A personal loan EMI calculator helps borrowers in the country manage monthly repayments efficiently, avoid missed payments, plan budgets smartly, and make informed borrowing decisions with ease.
Kolkata man loses ₹8.8 lakh in 20 minutes in a credit card scam; don’t let it happen to you
Kolkata's Pankaj Kumar lost ₹8.8 lakh to a suspected SIM-swap scam, highlighting a surge in mobile-linked financial fraud. Authorities recommend protective measures such as not sharing OTPs, using virtual credit cards, and reporting unusual transactions promptly.
When should one transfer a personal loan to a lender offering lower interest rate?
On the surface, the idea of transferring your personal loan to a lender offering a lower interest rate sounds like a smart financial move. However, like most things in finance, the real answer lies in the details.
Selling your property? The 12.5% tax may push you into a higher surcharge bracket
The new capital gains tax on real estate may seem beneficial at first glance, but it has opened the door to a hidden tax trap. Taxpayers must carefully consider how non-indexed gains affect their overall tax and surcharge liabilities. 
Living on rent, buying second-hand car and more: How PGIM MF's Ajit Menon managed to retire at 55
Ajit Menon announces his retirement as PGIM Mutual Fund CEO at 55, attributing this to deliberate financial planning and a focus on personal interests.
Can specialised funds unlock India’s shorting potential—or will they just be long-only funds in disguise?
Sebi’s new SIF framework aims to enable long-short equity strategies, but a lack of shorting culture, skill gaps, and distribution hurdles may blunt its edge before it begins.
How the 2024 tax rule change ruined buybacks for shareholders
The Union budget presented in July 2024 shifted the taxation responsibility from the company to the shareholder.
5 best credit cards for senior citizens 2025: Compare top no-fee and low-fee options
In India, credit cards for senior citizens promote financial independence by providing safe payment options and unique benefits. With no joining fees and tailored rewards, these cards help manage expenses effectively in retirement.
What is a credit card loan, and how does it work?
A credit card loan permits borrowers to access funds from their card limit instantly, but rising defaults in the country highlight the need for responsible credit card loan usage.
Should you take a personal loan for your wedding? Pros, cons, and smart alternatives
Weddings in India often lead to significant expenses, prompting couples to consider personal loans. While these loans can offer quick funds, careful assessment of financial circumstances and repayment capacity is crucial to prevent excessive debt.

Anil Ambani-led Reliance units say SBI’s fraud tag on RCom loan has no impact on their operations

Leave a Comment

Leave a Reply Cancel reply