State Bank of India (SBI) is classifying the loan account of insolvent Reliance Communications as fraudulent, citing alleged ...

SBI classifies Reliance Communications loan as fraud, reports Anil Ambani to RBI, amid fund misuse allegations.

The shares of Reliance Infrastructure and Reliance Power witnessed a downtrend in trade on Thursday after the SBI deemed the ...

State Bank of India (SBI) is classifying the loan account of bankrupt Reliance Communications as fraudulent, citing alleged diversion of funds in a case dating back to 2016, the telecoms company said.

Reliance Communications, once a telecom giant, faced a steep decline due to debt and competition. State Bank of India has now ...

State Bank of India has decided to classify Reliance Communications' loan account as ‘fraud’ and is looking to report the ...

The bank said it gave Anil Ambani and the company several chances in the past two years to respond to the allegations, but ...

Reliance Infrastructure and Reliance Power on Thursday said SBIs classification of Reliance Communications loan account as ...

Last year, state-run Canara Bank also tagged the RCom loan account as ‘fraud,’ a decision that the Bombay high court stayed.

SBI has decided to report the loan account of the company as 'fraud' and report the name of Anil Ambani (erstwhile director of the company) to the RBI, as per the extant RBI guidelines, it said.

SBI has tagged Reliance Communications' account as fraud and named Anil Ambani to the RBI, citing irregularities in loan ...