SBI to tag RCom loan account as ‘fraud’, names Anil Ambani in report to RBI
The State Bank of India (SBI) has decided to classify the loan account of beleaguered telecom firm Reliance Communications as “fraud” and report the name of its erstwhile director — Anil Ambani — to the Reserve Bank of India (RBI).
Reliance Communications, in a regulatory filing, said that it had received a letter dated June 23, 2025 from the SBI to this effect. SBI has decided to report the loan account of the company as “fraud” and report his name, it said. As per the RBI guidelines, after a bank classifies an account as ‘fraud’, the lender should then report the fraud to RBI within 21 days of detection and also report the case to CBI/police.
