SBI Labels RCom Loan Account a Fraud, Names Anil Ambani in RBI Report:

SBI Labels RCom Loan Account a Fraud, Names Anil Ambani in RBI Report:

Daily Current Affairs   /   SBI Labels RCom Loan Account a Fraud, Names Anil Ambani in RBI Report:

Change Language English Hindi

Category : Business and economics Published on: July 05 2025

Share on facebook

In a major legal setback for Anil D. Ambani, State Bank of India has classified its loan to Reliance Communications (RCom) as a fraud account, citing fund diversions and breach of terms. With RCom under IBC since 2018 and carrying a ₹48,216 crore debt (as of Mar 2025), SBI’s action could prompt further CBI and civil/criminal investigations.

Recent Post's

  • Lieutenant General Susan Coyle appointed as first woman Chief of the Australian Army.

    Read More....

  • Ambedkar Jayanti and Baisakhi (April 14) celebrated together highlighting ideals of equality and social reform.

    Read More....

  • The Supreme Court dissolves Irretrievable Breakdown marriage under Article 142 and curbs misuse of legal process.

    Read More....

  • Bohag Bihu (Rongali Bihu) celebrations begin in Assam from April 14 to 20, 2026.

    Read More....

  • Sunil Bajpai appointed as Principal Chief Commissioner of Income Tax for Tamil Nadu & Puducherry.

    Read More....

  • Nitish Kumar resigns as Bihar Chief Minister; Samrat Choudhary to take over as new CM.

    Read More....

  • Mitchell Starc and Deepti Sharma named Leading Cricketers of the World by Wisden 2025.

    Read More....

  • NFDC to release Malayalam film ‘Achappa’s Album’ on 24 April 2026.

    Read More....

  • MoRTH notified new rules for overloaded vehicles on National Highways effective 15 April 2026.

    Read More....

  • NAAS organises brainstorming sessions to achieve Atmanirbharta in fertilizers by 2047.

    Read More....