SBI reports Anil to RBI for RCom loan fraud.

• The State Bank of India (SBI) has classified Reliance Communications Ltd.’s loan account as fraudulent, following a forensic audit and exchange of show-cause notices.
• The bank has also reported Anil D. Ambani, former director of RCom, to the Reserve Bank of India (RBI) for appropriate action.
• The FIC report reveals significant irregularities, including fund diversion and loan terms and conditions violations.
• SBI’s action aligns with RBI’s Master Direction on Frauds, which deals with entities involved in banking system gaming.
• Mr. Ambani is expected to face regulatory and legal action, including civil and criminal proceedings, and the case might be handed over to the Central Bureau of Investigation (CBI).
• RCom, admitted to the IBC process in May 2018, had a total debt of ₹48,216 crore as of March 2025.