State Bank of India has marked Reliance Communications’ old loan as fraud. The company’s ex-boss, Anil Ambani, is also being reported to the RBI as per rules.
- Loan dates back to 2016, before insolvency
- SBI says RCom didn’t follow loan terms
- RCom says it’s protected under insolvency law
- Similar fraud tag was stayed earlier by court
👉 Why this matters: More trouble for RCom and a big message to other defaulting companies.
🔗 CNBC–TV18 Source
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