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:

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Category : Business and economics Published on: July 05 2025

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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.

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