Archive · 5 Sep 2025
Bank of Baroda Classifies RCom, Anil Ambani Loan as Fraud
Bank of Baroda, a big bank, has labeled loans given to Reliance Communications (RCom) and Anil Ambani as 'fraudulent'.
This means the bank believes the loans weren't repaid properly.
Anil Ambani was a non-executive director at RCom but says he had no role in the day-to-day running of the company.
The bank says this goes back over a decade.
Ambani denies all the allegations and says he will take legal action.
RCom is currently undergoing a legal process to resolve its financial troubles, which prevents further action against it.
Bank of Baroda classified loan accounts of Reliance Communications (RCom) and Anil Ambani as 'fraudulent'.
This is the third lender to classify RCom's account as fraud.
The outstanding loan amount is approximately Rs 1,656.07 crore.
Anil Ambani was a Non-Executive Director of RCom from 2006-2019.
Anil Ambani denies all allegations and will pursue legal remedies.
- Who
- Bank of Baroda, Anil Ambani, Reliance Communications (RCom)
- What
- Bank of Baroda classified RCom and Anil Ambani's loan account as fraudulent.
- When
- Loan issues date back more than a decade.
- Where
- India
- Why
- Due to alleged misutilization of loans.
Bank of Baroda's Perspective
Anil Ambani's Perspective
Loan Classification
Bank of Baroda's Perspective
Loans were not repaid and meet the criteria for fraud.
Anil Ambani's Perspective
Charges are unfounded and misdirected.
Responsibility
Bank of Baroda's Perspective
Ambani is liable due to his association with the company.
Anil Ambani's Perspective
Ambani had no operational role and is being selectively targeted.
- Bank
- Bank of Baroda
- Loan Accounts
- Reliance Communications (RCom) and Anil Ambani
- Classification
- Fraudulent
- Outstanding Loan
- Rs 1,656.07 crore
- Ambani's Role
- Non-Executive Director (2006-2019)
- Status
- RCom under Corporate Insolvency Resolution Process (CIRP)
Sources
Anil Ambani, RCom loan accounts tagged 'fraud' by Bank of Baroda
Anil Ambani, RCom's Loan Accounts Declared 'Fraud' By Bank Of Baroda
Anil Ambani, RCom Loan Accounts Declared ‘Fraud’ by Bank of Baroda
Reliance Communications share price up despite BoB declaring Anil Ambani, company's loan account 'fraud'
Major Jolt For Anil Ambani! After SBI & Bank of India, Bank of Baroda Declares RCom Loans As Fraud
From Telecom Titan To Fraud Tag: How Anil Ambani’s RCom Went To Bankruptcy And Fraud Cases From SBI, BoI, And BoB
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Anil Ambani and RCom loans marked as fraud by Bank of Baroda
Reliance Power clarifies on Anil Ambani, RCom loan accounts tagged 'fraud' by BoB; says this
Anil Ambani denies charges after Bank of Baroda labels Reliance Communications loan as ‘Fraud’ - Here's what he said
‘Staggered and selective manner targeting’, Anil Ambani denies Bank of Baroda’s fraud allegations – What’s next?
Anil Ambani denies operations role as Bank of Baroda flags RCom and his loans as fraud
After SBI & BoI, Bank of Baroda declares RCom, Anil Ambani as fraud
After SBI, BoI, Bank of Baroda declares RCom, Anil Ambani as fraud
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Bank of Baroda case: Anil Ambani says matters dating back more than decade, ‘targeted in selective manner’
