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Bad news for Anil Ambani as India's largest bank classifies his Reliance firm as...; names him in report to...

DNA Wednesday, 2 July 2025 ()
State Bank of India (SBI) has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and to report the name of its erstwhile director -- Anil Ambani to the Reserve Bank of India.
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Anil Ambani BREAKS silence on India's largest govt bank's 'fraud' tag on Reliance firm's loan account

SBI's order is in direct contravention of various judgments of the Supreme Court and the Bombay High Court, as well as RBI guidelines, the RCom counsel said.
DNA