SBI classifies Reliance Communications, promoter Anil Ambani as ‘fraud’, CBI grievance in course of


State Financial institution of India has categorized Reliance Communications together with promoter director Anil D Ambani as ‘fraud’ and can be within the means of lodging grievance with CBI, Parliament was knowledgeable on Monday.

The entities have been categorized as fraud on June 13, 2025 in accordance with the RBI’s Grasp Instructions on Fraud Danger Administration and Financial institution’s Board-approved Coverage on Classification, Reporting & Administration of Frauds, Minister of State for Finance Pankaj Chaudhary stated in a written reply within the Lok Sabha.

“On June 24, 2025, the financial institution reported classification of fraud to RBI, and can be within the means of lodging grievance with CBI,” he stated.

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Additional, on July 1, 2025, as a part of disclosure compliance, Decision Skilled of Rom knowledgeable the Bombay Inventory Alternate concerning fraud classification by the financial institution.

The credit score publicity of SBI in RCom contains, fund-based principal excellent quantity of 2,227.64 crore together with the accrued curiosity and bills with impact from August 26, 2016 and non-fund primarily based Financial institution Assure of 786.52 crore, he stated.

RCom is present process Company Insolvency Decision Course of underneath the Insolvency and Chapter Code, 2016. The decision plan was authorized by the Committee of Collectors and filed with the Nationwide Firm Regulation Tribunal (NCLT), Mumbai on March 6, 2020, and NCLT approval is awaited.

The financial institution has additionally initiated Private Insolvency Decision Course of underneath IBC towards Anil D Ambani and the identical is being heard by NCLT, Mumbai, he stated.

The financial institution had earlier categorized the account and promoter Anil D Ambani as ‘fraud’ on November 10, 2020 and filed a grievance with the CBI on January 5, 2021.

Nonetheless, he stated, the grievance was returned in view of the ‘establishment’ order dated January 6, 2021 by the Excessive Court docket, Delhi.

In the meantime, a Supreme Court docket judgement dated March 27, 2023 in State Financial institution of India & Others Vs Rajesh Agarwal & Others case mandated that lenders present debtors with a possibility to symbolize earlier than classifying their accounts as fraud.

Accordingly, he stated, the fraud classification within the account was reversed by the financial institution on September 2, 2023.

The fraud classification course of was re-run, and the account was once more categorized as ‘fraud’ after following the due course of as per RBI round dated July 15, 2024.

In reply to a different query, Chaudhary stated there is no such thing as a proposal to waive the excellent agricultural loans into account with the Union Authorities.

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Nonetheless, he stated, the Union Authorities has taken a number of measures to supply reduction and to enhance the financial circumstances of farmers which incorporates well timed and ample credit score via Kisan Credit score Card (KCC) underneath which crop mortgage of as much as 3 lakh is supplied at sponsored rates of interest underneath the Modified Curiosity Subvention Scheme (MISS).

It comes with extra incentives for well timed compensation, fixation of progressively elevated agricultural credit score goal, issuance of revised Precedence Sector Lending pointers to make sure improved credit score movement to the agricultural sector and many others.

Replying to a different query, Chaudhary stated the Authorities of India launched Bima Sakhi- ‘Mahila Profession Agent (MCA) Scheme’ on December 9, 2024.

LIC paid 62.36 crore to Bima Sakhis as stipend in FY2024-25, he stated.

Within the present monetary yr (2025-26), he stated, LIC has supplied a finances of 520 crore for the scheme, out of which 115.13 crore has been paid as much as July 14, 2025.

At current, there are 2,05,896 Bima Sakhis within the nation.

LIC gives alternatives to Bima Sakhis, in furtherance of their profession by means of a number of performance-based incentives. Graduate Bima Sakhis, after completion of 5 years, might take part within the recruitment course of for the submit of Apprentice Improvement officers of LIC, upon fulfilling the eligibility standards, he stated.

Other than above, LIC pays stipend to Bima Sakhis for first 3 years from their appointment to help them construct a life insurance coverage company profession, he stated.

The stipend scheme is along with their fee pay-outs and is topic to sure efficiency parameters, he stated, including, the quantity of the stipend ranges from 7,000 per thirty days within the first yr to 5,000 within the third yr.



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