BusinessPhoto: Business StandardSBI to Report Reliance Communications and Anil Ambani as Wilful Defaulters
State Bank of India (SBI) has decided to list Reliance Communications (RCom) and its directors, including Anil Ambani, as wilful defaulters with credit bureaus. RCom, undergoing insolvency proceedings, received SBI's rejection of its appeal against this classification. The company is seeking legal advice on the matter. SBI's move follows RCom's credit facilities being classified as non-performing assets since August 2016.
Business Standard·



