SBI Tags Reliance Communications Loan as Fraud — Reliance Infra & Power Clarify

What’s the Buzz Around Anil Ambani’s Companies?

SBI has declared Reliance Communications’ ₹31,580 crore loan account as fraud. This triggered panic in the stock market. Many investors started worrying about other Anil Ambani-led companies like Reliance Infrastructure and Reliance Power.

To calm the market, both companies issued clear statements saying they are not affected.

SBI’s Action Against Reliance Communications

The State Bank of India took action under the SARFAESI Act. This law allows banks to recover bad loans by seizing assets. SBI labeled the Reliance Communications account as fraudulent.

This led to market confusion. Were Reliance Infra and Reliance Power also involved? The answer is no.

Reliance Infrastructure: No Financial Exposure

Reliance Infrastructure clarified that it has no loan exposure to Reliance Communications. The company is financially independent and unaffected by the SBI action.

Reliance Power: No Impact on Our Finances

Reliance Power also responded. The company stated that the action against Reliance Communications has no connection to them. Their business remains strong, and investor interests are safe.

Why This Matters to Investors

No financial connection between Reliance Communications and Reliance Infra or Reliance Power. Market panic was unnecessary. Both companies confirmed they are on stable ground. Investor confidence remains intact.

What Should Investors Do?

Don’t believe rumors. Stick to verified news from official sources. Reliance Infra and Reliance Power stocks are stable. Keep tracking updates from trusted financial channels.

Final Thoughts: Stay Informed, Stay Ahead

This action by SBI applies only to Reliance Communications. Reliance Infrastructure and Reliance Power are not affected. Investors can stay confident.