New Delhi, July 4 -- Anil Dhirubhai Ambani group (ADAG) stocks - Reliance Infrastructure and Reliance Power share price surged as much as 2 per cent in Friday's trading session after the company issued a clarification that the State Bank of India's (SBI) classification of Reliance Communications' loan account as fraudulent is unlikely to affect them.

Reliance Power share price rose over 3.70 per cent to Rs.66.90 apiece on NSE, meanwhile, Reliance Infrastructure share price ascended over 4.65 per cent to Rs.385.10 apiece on July 4.

This clarification followed SBI's move to label the loan account of the bankrupt Reliance Communications as fraudulent, citing fund diversion allegations dating back to 2016.

As per Indian banking regulations...