Ambani stepped down as director of RCom last November after the company was referred to insolvency tribunal
SBI moves NCLT to invoke Anil Ambani's guarantee almost two years after RCom was first sent to the Tribunal for recovery of dues by Indian creditors
Chinese lenders recorded rising soured debt and shrinking net interest margins, a gauge of banks' profitability, amid the economic impact from a prolonged pandemic
Anil Ambani, chairman of the ADA group, can challenge the order by the Commercial Division of the High Court of England
The credit cost, amounts set aside for bad and stressed loans, for the Indian banking system will rise to 2.8 per cent in 2020-21, from the previous estimate of 1.5 per cent, S&P said in a statement.
Industrial and Commercial Bank of China as the world's most valuable bank, with a brand value worth $47.8 billion
The Shibor for seven-day loans increased 0.1 basis point to 2.33%
Chinese banks have occupied the top spots in the Asian bond market underwriting league tables for the first time on the back of a large, rapidly growing domestic corporate bond market and increased funding needs of companies from the world's second-largest economy.