SBI classifies RCom, its promoter Anil Ambani as ‘fraud’; to lodge complaint with CBI
State Bank of India has classified Reliance Communications along with promoter director Anil D Ambani as ‘fraud’ and is also in the process of lodging complaint with CBI, Parliament was informed on Monday.
The entities were classified as fraud on June 13, 2025 in accordance with the RBI’s Master Directions on Fraud Risk Management and Bank’s Board-approved Policy on Classification, Reporting & Management of Frauds, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Lok Sabha.
