SBI to report RCom and Anil Ambani as wilful defaulters
In short
SBI has rejected Reliance Communications' objections to being called a wilful defaulter. It will report the company and its directors or guarantors to credit bureaus.
This could hurt RCom's credit record and make borrowing harder. The report does not give the loan amount or say how RCom or Anil Ambani responded.
What the reporting says
SBI has rejected Reliance Communications' representations against wilful defaulter classification and will report the company and its directors or guarantors to credit information firms. The move follows SBI's decision on the classification, but the reporting does not give the amount involved or state any response from RCom or Anil Ambani. The immediate consequence is a likely negative credit-profile impact for the company and related individuals.
Why it matters
SBI has rejected Reliance Communications' challenge to wilful defaulter classification and will report the company and its directors or guarantors to credit information firms. That can damage the company's credit profile and affect access to financing. The source does not state the amount involved or any further action beyond the reporting step, so the broader financial impact remains unspecified.