Reliance Communications Limited (RCOM), which is currently undergoing a corporate insolvency resolution process (CIRP), has disclosed that the Bank of Maharashtra has classified the company’s loan account as ‘fraud’. Reliance Communications received the formal letter detailing the classification, dated October 4, 2025, on October 24, 2025. The classification relates to credit facilities extended by the…
Iran declares major private bank bankrupt | The Jerusalem Post Jerusalem Post/Middle East/Iran News Tehran moves to reassure depositors after Ayandeh Bank collapse, transferring assets to state-owned Bank Melli amid mounting economic pressure and renewed international sanctions. An Iranian man walks past a branch of the state-owned Melli Bank, which absorbed the assets of the…
TEHRAN Iran declared one of the country’s largest private banks bankrupt with its assets absorbed by the state, official media reported on Oct. 25, in a rare move in the country grappling with international sanctions. class=”cf”> Founded in 2012, Ayandeh Bank had a network of 270 branches across the country, including 150 in the capital…
The collapse of Ayandeh Bank exposes deep cracks in Iran’s financial system, with experts warning more failures could follow amid sanctions and weak oversight. ERBIL (Kurdistan24) — Iran has declared on Saturday one of its largest private banks, Ayandeh Bank, bankrupt, with its assets absorbed by the state-owned Melli Bank, marking one of the most dramatic…
TEHRAN: Iran declared one of the country’s largest private banks bankrupt with its assets absorbed by the state, official media reported Saturday, in a rare move in the country grappling with international sanctions. Founded in 2012, Ayandeh Bank had a network of 270 branches across the country, including 150 in the capital Tehran alone. But…
Iran declares major lender bankrupt – Region – World Ahram Online Read the original article here
Reliance Communications Ltd.’s loan account has been declared as ‘fraud’ by Bank of Maharashtra, according to a regulatory filing on Saturday. The filing also informed that the company is undergoing a corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. “A resolution plan has been approved by the committee of creditors of the…
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. The latest announcement is out from Reliance Communications Limited ( (IN:RCOM) ). Reliance Communications Limited has been informed by the Bank of Maharashtra that its loan account…
Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. An update from CMI Limited ( (IN:CMICABLES) ) is now available. CMI Limited has announced the scheduling of the 37th Meeting of the Committee of Creditors (CoC)…
The international sanctions, chronic inflation and depreciated currency are smothering Iran’s economy and now one of the country’s largest private banks has gone bankrupt. Ayandeh Bank, which was set up in 2012, had 150 branches in Tehran alone and 120 more in other parts of the country. Recently, the private bank was grappling with around…