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 Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/SoqEiXt