SBI flags Reliance Communications loan as ‘fraud’, names Anil Ambani in RBI report
MUMBAI: The nation’s largest bank State Bank of India (SBI) has decided to classify the loan account of the beleaguered telecom firm Reliance Communications (RCom) that’s under bankruptcy since June 2019, as a “fraud” account and also to report the name of its erstwhile promoter and director Anil Ambani to the Reserve Bank.
