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Fraud notice! Canara Bank classifies Anil Ambani's Reliance company's loan accounts as fraudCanara Bank has talked about issues in using loans worth Rs 1,050 crore, sanctioned as credit facilities for the telecom ...
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Canara Bank labels loan accounts of Anil Ambani’s Reliance Communications as "fraud": After availing and enjoying the said loans, your company ...These loans were initially intended for capital expenditure and debt repayment. According to a report in Economic Times, in a letter to Reliance Communications dated November 5, Canara Bank stated ...
The company, in the midst of an insolvency process, received a letter from the bank dated November 5, which classified the loan account of Rcom, Reliance Infratel Ltd and Reliance Telecom Ltd (RTL ...
In November 2024, Canara Bank ... loan account with them had been classified as “fraudulent” because it had allegedly sanctioned several credit facilities like term loans, guarantees, and ...
Canara Bank has disbursed loans to seven micro units that have only current account with the bank. J. James, president of Tamil Nadu Association of Cottage and Tiny Enterprises, said this was a ...
These loans were initially intended for capital expenditure and debt repayment. What does Canara Bank's "fraud letter" to Reliance Communications says According to a report in Economic Times ...
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