India, July 2 -- The State Bank of India (SBI) has classified the loan account of Anil Ambani's Reliance Communications (RCom) as 'fraud', the bankrupt telecom company claimed.

RCom filed a securities filing on Tuesday, disclosing the move of India's biggest lender. Last year, state-run Canara Bank also tagged the RCom loan account as 'fraud', a decision that the Bombay high court stayed.

Reliance Communications is part of the group led by Anil Ambani, the brother of India's richest person, Mukesh Ambani, who chairs the oil-to-telecoms conglomerate Reliance Industries. According to Reuters, Reliance Communications disclosed in April that as of March 2025, it had a total debt of Rs.40,400 crore.

Under Indian banking laws, once an accoun...