China Development Bank On RCom

The Mumbai branch of Industrial & Commercial Bank of China, China Development Bank and the Export-Import Bank of China agreed to loan $925.2 million to Anil Ambani's Reliance Communications in 2012

CDB had filed the petition in November seeking insolvency proceedings against RCom, saying a large amount of loan principal and interest payments was overdue

RCom had a net debt of Rs 450 billion at the end of October, putting it among India's most indebted companies