After SBI, Bank of India tags Reliance Comm’s loan a/c as fraud, Anil Ambani’s a/c included

Days after State Bank of India declared Reliance Communications’ accounts as ‘fraud’, Bank of India also classified the loan accounts of promoter Anil Ambani, RComm, and Reliance Telecom as ‘fraud’, alleging diversion of loans and non-compliance with sanction terms. The notice also includes several other people connected with the companies.

According to a company filing, Reliance Comm received a letter dated August 8 from the Bank of India on August 22, 2025.