Reliance Communications shares fell after receiving a show-cause notice from the Central Bank of India proposing to classify Rs 400 crore of loan accounts as “fraud” and report to the RBI. The company is under ongoing insolvency proceedings.
India raises $73 bn in forex inflows at record pace
India has mobilised $73 billion in foreign exchange inflows in less than 11 weeks, surpassing the scale and pace of the RBI’s 2013 FCNR(B) swap