New Delhi, July 3 -- Anil Dhirubhai Ambani group (ADAG) stocks - Reliance Infrastructure and Reliance Power - issued a clarification of a similar nature to the exchanges that the action by the State Bank of India (SBI) on the Reliance Communications loan account is unlikely to have any impact on them.

Their statements came after India's biggest bank, SBI, classified the loan account of insolvent Reliance Communications as fraudulent, citing alleged diversion of funds in a case dating back to 2016.

According to Indian banking laws, once an account is reported as a fraud, the matter is referred to enforcement agencies for criminal action, and the borrower is barred from securing further finance from banks and other institutions for at lea...