Overall bank loans increased 13.24% on-year to Rs 97.67 lakh crore in the fortnight to March 29. Pace of credit growth in FY18 was 9.85%.
Facing a three-month jail term for contempt of the Supreme Court’s orders to pay Ericsson, Anil Ambani paid off Ericsson with help from his elder brother Mukesh.
The asset sale is part of the revival plan being considered by the Department of Telecommunications (DoT).
Withdrawal of RCom’s spectrum for non-payment of dues would likely hit the services of Reliance Jio Infocomm, which shares the airwaves in 21 circles.
Reliance Jio has confirmed that in order to get a new Jio GigaFiber installed, users will have to pay Rs. 4,500 as a refundable security deposit for the Jio GigaFiber router and Jio GigaTV router.
The DoT has already served a show-cause notice on RCom for defaulting on the Rs 21-crore spectrum payment.