SBI Tags RCom Loan as Fraud, Puts Anil Ambani in RBI Crosshairs

Unknown Apr 02, 2026 31,850 Views

State Bank of India (SBI) has classified the loan account of Reliance Communications (RCom) as ‘fraud’ and is reporting the company’s former promoter and director, Anil Ambani, to the Reserve Bank of India (RBI). This action follows a forensic audit and multiple show-cause notic...