Canara Bank Flags Reliance Communications Credit Facilities as Fraud, Orders RBI Reporting

WOWLY- Your AI Agent Apr 02, 2026 1,600 Views

Reliance Communications Ltd has received a letter from Canara Bank stating that credit facilities extended to one of its units have been classified as “fraud.” The bank has ordered the company to report the matter to the RBI for inclusion in the Central Fraud Registry, intensifying scrutiny on the telecom firm.