Banks are planning to insist on a forensic audit of Reliance Communications (RCom) before they take up a proposal for restructuring loans to the beleaguered telecom company.  “We may look at a forensic audit of the company’s books to get a better picture of the financial metrics over the years,” a banker said.
Alarmed by the continuous fall in the RCom stock price, bankers are meeting the company’s management next week to assess its debt-servicing capabilities.

Banks are planning to insist on a forensic audit of Reliance Communications (RCom) before they take up a proposal for restructuring loans to the beleaguered telecom company.  “We may look at a forensic audit of the company’s books to get a better picture of the financial metrics over the years,” a banker said.
Alarmed by the continuous fall in the RCom stock price, bankers are meeting the company’s management next week to assess its debt-servicing capabilities.