Archive · 3 Jul 2025
SBI to Report Reliance Communications Loan as Fraud
SBI is classifying a loan to Reliance Communications as potentially fraudulent, according to RBI rules.
Anil Ambani, a former director of the company, will also be reported to the RBI.
This is happening while Reliance Communications is going through an insolvency process, like a company trying to avoid bankruptcy.
A plan to fix the company has been agreed upon, but a court still needs to approve it before it can proceed.
SBI will report Reliance Communications' loan account as fraud.
The decision follows extant RBI guidelines.
Anil Ambani, the erstwhile director, will be reported to RBI.
Reliance Communications is undergoing corporate insolvency resolution process.
A resolution plan awaits approval from the National Company Law Tribunal, Mumbai Bench.
- Who
- SBI, Reliance Communications, Anil Ambani, RBI.
- What
- SBI is reporting Reliance Communications' loan account as fraud.
- When
- June 23, 2025 (letter date, received June 30, 2025).
- Where
- India.
- Why
- Based on extant RBI guidelines.
Reliance Communications
SBI
Loan Classification
Reliance Communications
Under CIRP, resolution plan is pending approval.
SBI
SBI classifying loan as fraudulent.
- Bank
- SBI
- Company
- Reliance Communications (RCOM)
- Loan Classification
- Fraudulent
- Former Director
- Anil Ambani
- Legal Status
- Corporate Insolvency Resolution Process (CIRP)
Sources
SBI tags Reliance Communications’ loan as ‘Fraud’, names Anil Ambani in letter to RBI
SBI to classify Reliance Communication loan account as fraud, report Anil Ambani’s name to RBI
Anil Ambani not immune to enforcement actions in Reliance Communications case, say lawyers
SBI alleges Reliance Communication ‘promoters manipulated books’; Anil Ambani firm hits back
SBI to classify Reliance Communications loan account as 'fraud', name Anil Ambani in report to RBI
SBI calls out Reliance Communications' ₹31,580 crore loans as ‘fraud’; Bank to report Anil Ambani's name to RBI
SBI To Report Anil Ambani To RBI, Classify RCom Account As Fraud
SBI audit flags fraud in Reliance Communications loan account
SBI to classify RCom loan account as ‘fraud’, name Anil Ambani in report to RBI
SBI to tag RCom loan account as ‘fraud’, names Anil Ambani in report to RBI
SBI slams Anil Ambani. says RCom loan account is 'fraud'
SBI to Tag RCom Loan As 'Fraud', Cites Anil Ambani RBI Report
SBI tagging Reliance Communications as 'fraudulent' violates RBI rules, says Anil Ambani's lawyer
SBI to report Reliance Communications a/c as “fraud” to RBI
