Any progress will be disclosed in the near future, the Chinese bank told Reuters late Thursday in response to a request for comment on the Indian carrier's debt-reduction plan.
Reliance Group Chairman Anil Ambani says the repayment plan was not just about business.
Ambani said the company had also run a process, run by real estate consultancy Jones Lang LaSalle, to select a contractor to develop and monetize 20 million square feet at the knowledge city
The comments come months after Ambani had told his shareholders that the sector was in ICCU and warned of a monopoly in the sector.
The plan involves exiting strategic debt restructuring (SDR) and monetising some of the company's assets, including transfer of spectrum liabilities by March 2018.
In its charge sheet filed in April 2011 against Raja and others, CBI had alleged that there was a loss of Rs 30,984 crore to the exchequer in allocation of 122 licences for 2G spectrum
Former telecom minister A Raja and DMK MP Kanimozhi were today acquitted by a special court in the case. Fifteen other accused and three companies were also acquitted.
"At a committee of creditors meeting on November 29, a majority of them, both foreign and domestic, aggregating to 31, decided to oppose CDB's insolvency petition against RCom before the National Company Law Tribunal (NCLT)," Reliance Communications claimed in a statement.
Earlier this week, billionaire Anil Ambani-led Reliance Communications said lenders will convert part of their debt to equity to gain 51 per cent control of the company.
The Reserve Bank also initiated a few other measures to improve policy interest rate transmission, on banking regulation and supervision and measures to improve financial and securities markets
Earlier, health insurance was a part of Reliance General Insurance business but to create retail focus, Reliance Health Insurance will be set up as a new standalone company.
It would be the first initial share sale by a major asset management company (AMC) in India though smaller rival UTI Mutual Fund's IPO plans have been in the works for a long time.
ICEX is promoted by a mix of public-private partnership comprising PSUs including MMTC, Indian Potash, Krishak Bharti Cooperative (Kribhco) and IDFC Bank, among others.
The scheme is part of Reliance Capital's Rewards Programme aimed at retaining and incentivising key employees for their contribution to the growth and profitability of the company.
"IIFL Special Opportunities Fund and its series 2 and series 3 by IIFL Asset Management have collectively acquired 2.59 per cent of paid up equity share capital of RNLAM through secondary market purchase," IIFL said in a statement.
The shares have been bought from US-based hedge fund firm Eton Park Capital Management.
The Anil Ambani group firm, Reliance Capital, will book capital gains on this final transaction in the quarter ending September 30, 2017.
"As a result of increase in debt and decline in revenue, the debt servicing capabilities of telecom companies have been adversely impacted. "The telecom industry's current financial problem to some extent can be attributed to the entry of a new telecom operator and its strategy of freebies to gain customer and market share," RCom said in a regulatory filing.
"If you ever asked what part of being an entrepreneur he (late Ambani) enjoyed the most, he would say, 'I enjoy creating wealth. But what I enjoy even more is in creating wealth for the people of the country,'" the Anil Ambani Group chairman said while addressing an industry event here.
He further said only one in 25 Indians invests in mutual fund products at present, but the investor base can be expanded 10-fold to 60 crore in five years.
Speaking here at a mutual fund industry event, the Reliance Group chairman said there are many ways of counting the benefits of GST and as many of counting its costs.
"India's mutual fund industry is today poised for its Jan Dhan moment," Ambani said here at an event of the Association of Mutual Funds in India (Amfi).
It could be the first initial public offering by a major asset management company (AMC) in India though smaller rival UTI MF's IPO plans have been in the works for a long time.
A briefing would mark a rare appearance by Ambani, 57, reflecting the difficulties facing Reliance Communications, widely known as RCom, India's seventh-ranked telecoms carrier by customers. Ambani has a net worth of $2.7 billion, according to Forbes.
The stock which has been under pressure since past few days fell further by 9.47 per cent to Rs 18.15 -- its 52-week low -- on BSE.