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flag State Bank of India labels Reliance Communications and Anil Ambani as "fraud," preparing to file a complaint.

flag State Bank of India has classified Reliance Communications and its promoter Anil Ambani as "fraud" and is preparing to file a complaint with the Central Bureau of Investigation. flag The bank's exposure to Reliance Communications includes ₹2,227.64 crore in outstanding funds and ₹786.52 crore in bank guarantees. flag Reliance Communications is currently in the Corporate Insolvency Resolution Process, and SBI has also initiated personal insolvency proceedings against Anil Ambani.

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