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

In a major development, the State Bank of India (SBI) has classified the loan account of Reliance Communications (RCom) as ...

State Bank of India has decided to classify the loan account of beleaguered telecom firm Reliance Communications as 'fraud' ...

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

Anil Ambani was ranked the sixth richest businessman in the world, with a net worth of over $42 billion (approx Rs 350,000 ...

Anil Ambani-led Reliance Group is strengthening global defence partnerships with major deals in aircraft upgrades, precision-guided munitions, jet assembly, and MRO services. Backed by a Rs 5,000 ...

The bank said the decision was taken after examining multiple show cause notices and forensic audits.

Anil Ambani faces legal challenges despite bankruptcy protection, including fraud investigations and potential ...

Anil Ambani's company has recently secured two mega power projects in Bhutan and now it is planning to take part in several ...

State Bank of India (SBI) has decided to classify the loan account of beleaguered telecom firm Reliance Communications as ...

The State Bank of India (SBI) has decided to report the loan account of Reliance Communications as "fraud" in a case dating ...

The bank's Fraud Identification Committee has detected irregularities in the use of loan funds, involving a complex network ...