Reliance Communications Ltd

⚠️ SBI Flags Reliance Telecom Loan Account as Fraud

- SBI classified Reliance Telecom Ltd (RTL) loan account as 'fraud'.

- Fraud classification communicated via letter dated March 11, 2026, received March 13, 2026.

- RTL and parent RCOM are under corporate insolvency resolution process (CIRP).

- Fraud relates to credit facilities/loans from period prior to RTL's CIRP.

- Resolution plans for both companies approved by creditors, awaiting NCLT approval.

- Resolution professional has filed avoidance applications with NCLT regarding transactions mentioned in SBI letter.

- Legal advice is being sought on the way forward.