Tag: Chinese banks

Chinese banks demand $2.1 billion from embattled Anil Ambani’s firm

By  PR Sanjai NEW DELHI: Chinese lenders, including China Development Bank, Industrial and Commercial Bank of China and Exim Bank of China, have demanded at least $2.1 billion from embattled tycoon Anil Ambani’s Reliance Communications Ltd., that slid into bankruptcy earlier this year. State-owned China Development Bank, with loans worth Rs. 9,860 crore ($1.4 billion) was the biggest creditor to the […]

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