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SBI LOAN FRAUD
Reliance Comm receives 'show cause notice' from Central Bank of India against Rs 400 cr loan fraudCentral Bank of India has issued a show-cause notice to Reliance Communications, questioning why its account shouldn't be declared as 'frau...10 Sep, 2025, 11.16 PM IST- After SBI, Bank of India tags Reliance Comm's loan a/c as fraud, Anil Ambani's a/c includedFollowing SBI, Bank of India has also declared Anil Ambani, Reliance Communications, and Reliance Telecom accounts as 'fraud' due to loan d...24 Aug, 2025, 11.55 AM IST
- CBI books RCom, Anil Ambani in ₹3,000 cr SBI loan fraud caseThe CBI has filed a case against Reliance Communications, Anil Ambani, and unnamed public servants for allegedly defrauding State Bank of I...23 Aug, 2025, 11.31 PM IST
- Anil Ambani-led Reliance units say SBI’s fraud tag on RCom loan has no impact on their operationsReliance Infrastructure and Reliance Power on Thursday said SBI’s classification of Reliance Communications’ loan account as fraud has no i...03 Jul, 2025, 03.42 PM IST
- RPower, Reliance Infra shares tumble up to 5% after SBI flags RCom loan as fraudShares of Reliance Power and Reliance Infrastructure fell sharply after SBI classified Reliance Communications’ loan as fraud, implicating ...03 Jul, 2025, 11.32 AM IST
- SBI marks Reliance Communications as fraud account; company says order ex-parteSBI has classified Reliance Communications' loan account as fraud, citing diversion of funds and misuse of invoices. Anil Ambani's legal te...02 Jul, 2025, 08.04 PM IST
- Reliance Communications says SBI to declare loan A/C as ‘fraud’, report Anil Ambani to RBIState Bank of India has flagged Reliance Communications’ long-standing loan as “fraud” and named its former director Anil Ambani to the Res...02 Jul, 2025, 07.28 PM IST
- When a loan account is tagged fraud: Borrower's respite is bank's worryA loan acocunt is categorised as a 'fraud account' after it is red-flagged on the basis of practices like fund diversion (even if there is ...27 May, 2023, 12.09 PM IST
- Lender bound to give opportunity for hearing to borrower before classifying account as fraudulent: SCRejecting the stand of both RBI and the consortium of lenders led by SBI, a Bench led by the Chief Justice said that a decision classifying...28 Mar, 2023, 11.01 AM IST
- Borrowers must be accorded hearing before declaration of bank account as fraud: SCThe Supreme Court on Monday said a borrower must be accorded a hearing before an account is classified as "fraud" and a reasoned order must...27 Mar, 2023, 12.11 PM IST
- Rs 3,300-cr SBI loan fraud: SC stays Bombay HC order permitting private firm chairperson to travel to UAEThe Supreme Court has stayed a Bombay HC order permitting Suman Vijay Gupta, chairperson of Ushdev International Limited, to travel to the ...17 Mar, 2023, 12.38 PM IST
- No PSB employees found involved in Rs 14,349 cr ABG Shipyard fraud case: SitharamanABG Shipyard was sanctioned loan under consortium arrangement led by ICICI Bank, and the account was declared as non-performing asset (NPA)...15 Mar, 2022, 02.51 PM IST
- The ABG Shipyard scam: Inaction on red flags as India’s biggest bank fraud unfoldedABG Shipyard, now credited with India’s biggest bank fraud, created a web of transactions to cheat a consortium of 28 banks of Rs 22,842 cr...17 Feb, 2022, 10.06 AM IST
- Corporate frauds see a massive surge: SBIThe April–November period this year recorded 200 times more frauds compared to entire FY18.29 Nov, 2019, 01.28 PM IST
- SBI reported Kanishk Gold, Nathella Sampath as fraud accounts in 2017-endThe matter has been reported to CBI for necessary action, SBI said. Further, the matter was reported to RBI on November 21, 2017.23 Mar, 2018, 09.24 PM IST
- Borrowers play fraud on SBI; misuse Rs 3.3 crore car loan for producing Tamil filmThe fraud was done with the connivance of an auto loan counsellor who allegedly hacked the bank's computers to facilitate the loan sanction...03 Mar, 2018, 11.53 PM IST
- SBI takes lead in blockchain, to use it to prevent fraudThe SBI's initiative, christened Bankchain, is in partnership with IBM, Microsoft, Skylark, KPMG and 10 commercial banks.16 Feb, 2017, 08.12 AM IST
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