SBI to approach CBI after tagging Anil Ambani and RCom as ‘fraud’

State Bank of India (SBI) has declared Reliance Communications (RCom) and its promoter director Anil D Ambani as 'fraud' and is now in the process of filing a complaint with the Central Bureau of Investigation (CBI), reported news agency PTI.

This was stated in Parliament on Monday, according to the report.

Minister of State for Finance Pankaj Chaudhary, in a written reply to the Lok Sabha, said that the classification was made on June 13, 2025, following the Reserve Bank of India's guidelines on fraud risk management and SBI’s internal policy.

Chaudhary informed that the bank reported the fraud classification to the RBI on June 24, 2025, and is now taking steps to lodge a formal complaint with the CBI.