An Ambani default won’t fly in India’s banking mess3 min read . Updated: 01 Jun 2017, 02:08 AM IST
Anil Ambani's Reliance Communications is an unusual cautionary tale signalling that India's soured debt malaise is spreading beyond infrastructure, power and steel
Singapore: Balance-sheet turbulence at large Indian companies is nothing new. The $180 billion of stressed assets in the banking system are mainly due to about 60 big corporate accounts. Yet two things make this week’s meltdown in the shares and debentures of Reliance Communications Ltd an unusual cautionary tale.
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