SBI to tag RCom loan account as ‘fraud’, names Anil Ambani in report to RBI

New Delhi: State Bank of India (SBI) has decided to classify the loan account of beleaguered telecom firm Reliance Communications as “fraud” and to report the name of its erstwhile director — Anil Ambani to the Reserve Bank of India (RBI).

The move is expected to be followed by other lenders who have given loans to Reliance Communications Ltd (RCom).

Reliance Communications in a regulatory filing said that it has received a letter dated June 23, 2025 from the State Bank of India (SBI) to this effect.