SBI Classifies Reliance Communications, Its Promoter Anil Ambani as 'Fraud'; to Lodge Complaint with CBI

SBI has classified Reliance Communications, Anil Ambani as ‘fraud’: Centre tells Parliament

The public sector bank is in the process of registering a complaint with the Central Bureau of Investigation, it added.

SBI to approach CBI after tagging Anil Ambani and RCom as 'fraud'

SBI’s exposure to Reliance Communications includes a fund-based principal outstanding of Rs 2,227.64 crore, along with interest and expenses since August 26, 2016. In addition, there is a non-fund based bank guarantee exposure of Rs 786.52 crore.

SBI classifies Reliance Communications, its promoter Anil Ambani as 'fraud'; to lodge complaint with CBI

SBI classifies RCom and Anil Ambani as 'fraud,' lodging complaint with CBI, as per Parliament disclosure on July 21, 2025.

SBI Tags Anil Ambani and RCom as ‘Fraud’; CBI Complaint in Process

State Bank of India has branded Reliance Communications and its promoter Anil Ambani as ‘fraud’, initiating action to file a complaint with the CBI following RBI’s regulatory framework. MUMBAI (India CSR): In a significant move, the State Bank of India (SBI) has officially labeled Reliance Communications (RCom) and its promoter Anil D. Ambani as ‘fraud’, with a formal complaint being prepared for the Central Bureau of Investigation (CBI). This w…

SBI to file CBI complaint after labeling RCom, Anil Ambani as ‘Fraud’: MoS Pankaj Chaudhary

New Delhi: Minister of State for Finance, Pankaj Chaudhary, stated in Parliament that the State Bank of India (SBI) has classified Reliance Communications Limited (RCOM), along with Promoter Director Anil D. Ambani, as “Fraud” in accordance with the Reserve Bank of India’s Master Directions on Fraud Risk Management and the bank’s board-approved policy on Classification, Reporting & Management of Frauds. The bank is now in the process of filing a…

SBI to file CBI complaint after tagging RCom, Anil Ambani as ‘Fraud’: MoS Pankaj Chaudhary - tennews.in: National News Portal

New Delhi, July 22 (IANS) Minister of State for Finance, Pankaj Chaudhary, stated in Parliament that the State Bank of India (SBI) has classified Reliance Communications Limited (RCOM), along with Promoter Director Anil D. Ambani, as “Fraud” in accordance with the Reserve Bank of India’s Master Directions on Fraud Risk Management and the bank’s board-approved […] The post SBI to file CBI complaint after tagging RCom, Anil Ambani as ‘Fraud’: MoS …