Overview

• SBI invoked RBI’s Master Directions and its internal fraud policy to classify RCom and Anil Ambani as fraud on June 13, 2025.
• The bank informed the Reserve Bank of India of the classification on June 24 and is advancing a formal complaint to the CBI.
• On July 1, the resolution professional for RCom notified the Bombay Stock Exchange of SBI’s fraud designation as part of disclosure requirements.
• Reliance Communications remains in a corporate insolvency resolution process that began in 2019, with its creditor-approved plan awaiting Mumbai NCLT sanction.
• SBI has initiated personal insolvency proceedings against Anil Ambani in parallel to recover its combined ₹3,014.16 crore exposure.