Reliance Communications says SBI to declare loan A/C as ‘fraud’, report Anil Ambani to RBI

State Bank of India has decided to mark Reliance Communications’ loan account as “fraud” in a case that stretches back to August 2016. India’s largest state-run lender made this clear in a letter dated 23 June 2025. The letter reached the company on 30 June.

Reliance Communications confirmed this move in an official filing under market rules. “This is to inform you that Company has received letter dated June 23, 2025 (received on June 30, 2025) from SBI (marked to the Company and its erstwhile director – Anil Dhirajlal Ambani), inter alia, stating that SBI has decided to report the loan account of the Company as ‘fraud’ and to report the name of Anil Dhirajlal Ambani (erstwhile director of the Company) to the RBI, as per the extant RBI guidelines,” Reliance Communications said.