Reliance Power Clarifies No Link to Reliance Communications' Fraud Classification by SBI

MT Newswires Live

2025/07/03

Reliance Power (NSE:RPOWER, BOM:532939) clarified on Thursday that the State Bank of India's decision to classify Reliance Communications' (NSE:RCOM, BOM:532712) loan account as fraud has no impact on its own business, financials, or stakeholders.

The company said in a filing with the Indian bourses that it operates as an independent listed entity with no financial or business linkage to Reliance Communications, and that Anil D. Ambani is not on its board.

SBI has classified Reliance Communications' loan account as "fraud" and is taking steps to report former director Anil Ambani to the Reserve Bank of India, Business Standard reported on Wednesday. The bank reportedly cited fund diversion and violations of loan terms as reasons for the action.

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Ambani is not on its board.</p><p>SBI has classified Reliance Communications' loan account as \"fraud\" and is taking steps to report former director Anil Ambani to the Reserve Bank of India, Business <a href=\"https://laohu8.com/S/SMP\">Standard</a> reported on Wednesday. The bank reportedly cited fund diversion and violations of loan terms as reasons for the action.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reliance Power Clarifies No Link to Reliance Communications' Fraud Classification by SBI</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReliance Power Clarifies No Link to Reliance Communications' Fraud Classification by SBI\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time smaller\">2025-07-03 20:38</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><body><p> Reliance <a href=\"https://laohu8.com/S/PW\">Power</a> (NSE:RPOWER, BOM:532939) clarified on Thursday that the <a href=\"https://laohu8.com/S/SBKFF\">State Bank of India</a>'s decision to classify Reliance Communications' (NSE:RCOM, BOM:532712) loan account as fraud has no impact on its own business, financials, or stakeholders.</p><p>The company said in a filing with the Indian bourses that it operates as an independent listed entity with no financial or business linkage to Reliance Communications, and that Anil D. Ambani is not on its board.</p><p>SBI has classified Reliance Communications' loan account as \"fraud\" and is taking steps to report former director Anil Ambani to the Reserve Bank of India, Business <a href=\"https://laohu8.com/S/SMP\">Standard</a> reported on Wednesday. The bank reportedly cited fund diversion and violations of loan terms as reasons for the action.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SBI","symbol_name":"Western Asset Intermediate Muni","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2548530384","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548530384","pubTimestamp":1751546288,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Ambani is not on its board.SBI has classified Reliance Communications' loan account as \"fraud\" and is taking steps to report former director Anil Ambani to the Reserve Bank of India, Business Standard reported on Wednesday. The bank reportedly cited fund diversion and violations of loan terms as reasons for the action.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}